LiveSwitch Entrepreneurs Code and Mission
LiveSwitch Entrepreneurs live by a Code. Aspects of this Code are discovered in the principles of Capitalism. Central to Capitalism is private ownership of property, the profit incentive, competition, and a market-driven economy. Capitalism is a moral, economic, and political system in which it is individuals and businesses that own the means of production, strive to maximize profits, and engage in competition to meet the needs of people. Socialism—under whatever name, whether Marx, Lenin, or Mao of the past or Sanders, Bhaskar Sunkara, or Xi Jinping today—is the hostile, armed enemy of the freedoms borne of Capitalism and Capitalists.
Freedom: The Principle of Capitalism
As Entrepreneurs, we defend and promote the principles of Capitalism. Such principles include but are not limited to the following:
- Capitalist Ethics: Intrinsically and objectively, Capitalism best incorporates the moral order found in nature, and it is morally, spiritually, and intellectually superior to all forms of Socialism or other political systems that war against personal freedom.
- Private Property: Individuals and businesses have the right to own property, including the means of production.
- Profit Motive: The point of a business is to generate profit; it drives economic activity and innovation.
- Competition: Businesses compete with each other to attract and benefit customers; this activity can lead to profits, innovation, and efficiency.
- Market Economy: Supply and demand govern prices; productive resources, including labor, are allocated based on market signals.
- Consumer Sovereignty: Consumers own the power to influence what is produced through their freely made purchasing decisions.
- Freedom of Ownership: Every person should have the freedom to start businesses and own property.
- Free Trade: The free exchange of goods and services is vital between individuals and businesses across borders.
- Risk and Reward: Individuals and businesses require the freedom to take risks to potentially gain rewards, such as profits or wealth.
- Innovation: The pursuit of profit and competition is the creative, moral drive for businesses to innovate and develop new products and services.
- Labor Market: Individuals require the ability to sell their labor for wages, contributing to the production process.
- Price Mechanism: Prices act as signals to producers and consumers, guiding resource allocation.
- Personal Work Ethic: A strong and morally based work ethic is a critical factor for economic success.