Walter Williams on Free Enterprise

Here is part of the text from a speech titled “The Entrepreneur As American Hero” that columnist Walter Williams gave at Hillsdale College:
“Whenever the profit incentive is missing, the probability that people’s wants can be safely ignored is the greatest. If a poll were taken asking people which services they are most satisfied with and which they are most dissatisfied with, for-profit organizations (supermarkets, computer companies and video stores) would dominate the first list while non-profit organizations (schools, offices of motor vehicle registration) would dominate the latter. In a free economy, the pursuit of profits and serving people are one and the same. No one argues that the free enterprise system is perfect, but it’s the closest we’ll come here on Earth.”
(Thanks to my favorite octogenarian entrepreneur, R.M. Cornwall, for sending this my way).