Sir Winston Churchill - probably the greatest statesman of the twentieth century-said: "Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon." This quote is as relevant today as when spoken by the great man himself. Why is it that so many well-educated (including those educated in economics) think that enterprise is something negative, in a national context? It is worth looking at this topic in light of both the world economic crisis and that of the Baltics ...
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