
“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
Related posts:
Austrian Detroit?
Government Spying Has Always Focused On Crushing Dissent … Not On Keeping Us Safe
Doug Casey on Second Passports
Catherine Austin Fitts: Coming Clean Beyond the Fiscal Cliff
This is the way they’ll ‘nationalize’ gold
The Liefare-Warfare State: A History Of U.S. False Flag Events
Walter Williams: Why Aren't Murderous Communists Condemned Like Nazis Are?
A Tale of Two Giants: The Elephant and the Dragon
Why College Football Will Be Dead Within 20 Years
Five Reasons Washington Should Leave Bitcoin Alone
Present Shock and the Fantasy of Change
Law professor: Should 3rd Amendment prevent government spying?
A Guide to Stock Splits
Ivan Eland: The Endless Cycle of Terrorism
I never knew how screwed up global banking was until I started my own bank