America’s economic roots are based on Capitalism and ‘The Protestant Work Ethic’. Here is what I believe to be an accurate definition of Capitalism. “Capitalism is a form of economic change that can never be stationary; less effective firms, products, and methods must constantly be eliminated.”

Joseph Schumpeter

The only reason a company should exist is to create value. If that is not being done, it is better that another company have the opportunity. Everyone will be better off. As Ricky Bobby said in the movie ‘Talladega Nights’, “If you’re not first you’re last.” On the flip side when we create value it makes the world a better place. Charles Koch said it this way, “If you spend your life striving to profit by creating real value for customers and society you are in fact making people’s lives better…” How much value have you created for your customers and other stakeholders lately? If you haven’t done so are you ready to be replaced by someone who will?

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