Teach Oregonians how the profit motive makes us all better off
Fred Meyer’s big idea (his retail stores) made Oregon consumers better off, and generated profits for himself, which he then donated to help future generations through MMT. MMT should encourage future Fred Meyers by using its $1 million to teach Oregonians the value of the profit motive and how it makes both sides of economic transactions better off. This could take the form of finding the best curricula on the free enterprise system (or creating such a curricula) and encouraging its adoption in public and private schools throughout the state. Remember, MMT is a non-profit but its funding stems from meeting Oregonians’ needs in a for-profit world. Leverage that concept and you will truly fulfill your mission.
Steve Buckstein commented
m8and8t , I agree that teaching school kids the value of the profit motive will not necessarily have short-term benefits, but it is very important to do. Finding ways to educate adults on this concept may pay-off quicker, but finding the best ways to do so will be the trick. Also, realize that while only a small percentage of our population may be entrepreneurial enough to become future **** Meyers, all of us are potential customers of those few, and most of us are voters who, through our elected officials, can make it easier or harder for those few to start their businesses and succeed.
The more that all of us understand that the profit motive benefits everyone, the easier it will be to start new businesses in Oregon, and the easier it will be for existing businesses to stay and prosper.
Wow -- the dearth of comments here, esp after the discussion on OPB is amazing. I think this is one of the best ideas in this forum. A drawback seems to me that it would be difficult and/or ineffective to target any specific group besides children in the public education system. In addition to being difficult to inject into the school systems' curricula, it would take too long to have have any result on Oregon's economy. I.e. school kids would take many years before they are starting their own businesses and the most capable would be those that go to college, taking several more years. That doesnt mean we should not do it though, as one of many initiatives. Any ideas on who to target for this and how, besides school kids?
What about promoting an "entrepreneurial" magnet school in Portland and other localities with magnet programs as well?