
Manufacturing Talks
There are millions of cool stories in manufacturing. Your host, Jim Vinoski, helps share them by talking to the people who are making them happen. Manufacturing is where the rubber meets the road. There's no hiding. You're either making good products people will buy for enough to keep you in business, or you're not. Meet the amazing folks who thrive in that survival-of-the-fittest world.
Manufacturing Talks
Martha Njolomole talks about gratitude for the blessings of liberty and capitalism
Martha is an economist with the Center of the American Experiment in Minneapolis, and she did a video a few months ago for PragerU about growing up in Malawi and how very different her life was there versus since she came to America for school then work.
I saw the video right as I was first starting with my now routine message about how manufacturers have to stop apologizing for what we do. Martha's even more fundamental message about how much we take for granted and how different people's circumstances are based on economic systems and basic freedoms really struck a nerve with me. So I invited her to deliver that message here on my show as well.
Here are the highlights.
Chapters:
00:00 - introduction
02:00 - Martha's childhood in Malawi
03:45 - her initial plan to go back home and work for the government
06:00 - why freedom and prosperity go hand in hand
08:45 - why blaming businesses for inequality is wrong
12:20 - how Malawi had less inequality - because almost everybody was poor
16:00 - the economics of plenty - Adam Smith's passage about self-interest
17:35 - the differences between starting a business in Malawi versus the US
20:50 - the differences that property rights bring
24:00 - service provision: private sector versus government
26:00 - Martha's current work in Minnesota
This one is so important. Too many people in the Western world have bought into the falsehoods about the evils of capitalism and the wonders of collectivism. Martha brings not theories, but real-world distinctions between the two systems and her own experiences living under each. Her message is a powerful one.
Tune in and take in the whole thing.