What is an entrepreneur? Well, in the United States of America there are two types of very successful entrepreneurs. There is the market entrepreneur and the political entrepreneur. The market entrepreneur makes money in the free market by offering the lowest prices and the best quality and service to his customers and the consumer. The market entrepreneur wins markets and outperforms the competition because they are better and more efficient.
The political entrepreneur uses influence with the government through various methods, such as lobbying, political campaign contributions, and networking with government bureaucrats to win government contracts and earn money or use this influence to help the government establish new rules and regulations and he is the industry.
The political entrepreneur will also use his influence to get bureaucratic government regulators at all levels of government to attack his competition. There is a big difference between market entrepreneurs and political entrepreneurs. Unfortunately, genuine capitalism is battered by political entrepreneurs who persuade government agencies to constantly attack market entrepreneurs.
The economy and the free market and capitalism work best with the most efficient companies competing on a level playing field where the consumer and the buyer vote with their dollar for the best products and services at the best possible prices. There is nothing wrong with capitalism, there is just something wrong with the way it is applied in the United States of America. It could be done much better.