The explorers of the modern era are the entrepreneurs, men with vision, with the courage to take risks and faith enough to brave the unknown. These entrepreneurs and their small enterprises are responsible for almost all theeconomic growth in the United States. They are the prime movers of the technological revolution. In fact, one of the largest personal computer firms in the United States was started by two college students, no older than you, in the garage behind their home.
Some people, even in my own country, look at the riot of experiment that is the free market and see only waste. What of all the entrepreneurs that fail? Well, many do, particularly the successful ones; often several times. And if you ask them the secret of their success, theyíll tell you itís all that they learned in their struggles along the way; yes, itís what they learned from failing. Like an athlete in competition or a scholar in pursuit of the truth, experience is the greatest teacher.Ē
Reagan also had words for men like Barack Obama, as he stated later in the speech at Moscow State University in 1988:
And thatís why itís so hard for government planners, no matter how sophisticated, to ever substitute for millions of individuals working night and day to make their dreams come true. The fact is, bureaucracies are a problem around the world.Ē