Wendy McElroy: Let a Thousand Home Businesses Bloom

“Home industry is particularly important to the poor for at least four reasons. First, the business overhead is usually low. Second, it allows people to use their labor as equity to develop a business for which financial or capital equity is not available. Third, it does not require higher education. Fourth, people own the means of production, such as an equipped kitchen or a garage with tools. Home industry also has the advantage of not draining the public purse—that is, production does not draw on government subsidies or privileges, which benefits individuals as producers, taxpayers, and consumers.  But does it benefit governments?”

http://www.fee.org/the_freeman/detail/let-a-thousand-home-businesses-bloom

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