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I have come to the conclusion that politics is too serious a matter to be left to the politicians.
Charles de Gaulle could not have spoken truer words when referencing the unwarranted regulations that can transpire when government steps in. Recently, members of the Asian American Hotel Owners Association were able to hear Steve Forbes, Chairman and Editor-in-Chief of Forbes Media, expound on this issue within our nation at our annual convention in Houston. Forbes, an author of books on capitalism, tax policy and leadership, educated the membership on the benefits of a free market society and embracing capitalism. In his latest book, "Freedom Manifesto: Why Free Markets are Moral and Big Government Isn't," he discusses the issue with government interfering with free enterprise and how it inhibits entrepreneurialism.
"Morality is the basis of capitalism. It's more than a budget, it's about creating an environment where entrepreneurs flourish," said Forbes during an interview with CSPAN2 BookTV.
North Carolina is one case of a state where government has impeded local business owners through overregulation. The state has empowered protectionist licensing boards that regulate who can do what, and who can't. The John Locke Foundation's Jon Sanders recently noted that North Carolina licenses more than 150 occupations. Some licensing makes sense -- for example, licensing required of doctors and nurses – but an appropriate licensing umbrella does not include the egregious regulation of limited service hotels serving breakfast items. There is currently a battle over health department policies and permits with North Carolina hotels serving continental breakfast items. Our members and staff have been working diligently with local and state legislators, officials and agencies to push for an outlined limited service food permit for hotels serving continental breakfasts. These new regulations will allow for hotels to serve hot and cold items without having to obtain full restaurant permits.
Mr. Forbes claims that today's bureaucratic and bloated Big Government is the opposite of a moral force. Instead of assuring fairness, it promotes favoritism. Instead of furthering opportunity, it stifles economic growth. Instead of unleashing innovation and material abundance, its regulations and price controls create rigidity and scarcity.
Throughout history, open markets have helped the poor and everyone else by unleashing creativity, generating wealth and raising living standards. Promoting trust, generosity and democracy, economic freedom has been a more powerful force for individual rights, self-determination—and humanity—than any government bureaucracy. As the voice of the owner of the hotel industry and a powerhouse with an identity that embodies entrepreneurialism, the Asian American Hotel Owners Association will continue to advocate for the protection of the rights of our members on the political, economic and social forefronts.