It is my view that government intervention, while necessary in certain circumstances, should be largely limited to its role in protecting property rights, upholding the rule of law and maintaining of the value of the currency. It is the market itself that best decides how and when to produce its goods and it is useless for the government to intervene to try to improve the efficiency of the economy. We should look to the entrepreneurial creativity of millions of people who are willing to risk their resources and reputations to move our country forward. Before placing your trust in such entrepreneurs, however, you should understand the differences between political and market entrepreneurship and how government subsidies can weaken our economy so deceptively. Before you form an opinion about entrepreneurship or big business moguls who end up being nicknamed “robber barons,” you should understand the difference between the two types of entrepreneurs. There are political entrepreneurs, who fit the classic robber baron mold and who are commonly corrupt in the way they run business. They accept government aid, also known as subsidy in this case, and have the propensity to waste the money, since it wasn't theirs to begin with. They are not concerned with making a good product, but with making as much profit as possible and getting the job done quickly, if not always efficiently. Furthermore, there are market entrepreneurs who accept little or no government aid and conduct business efficiently. They are people who take calculated risks and who may take smaller steps towards their goal, but in doing so they learn how to do the job more efficiently, both in terms of time and cost. We... middle of paper... higher income earners will pay full market price, the government intervenes in the economy once again. Once you realize that not all entrepreneurs are robber barons, but you can be charitable and ambitious citizens, you will be better able to conclude what your opinion is on entrepreneurship as a whole. Whether one believes in the government boosting the economy with subsidies or in the power of the individual to compete in the market for himself, it should be duly noted that the power of entrepreneurship is vast and full of determination. It should also be recognized that bailouts and subsidies can be harmful if handled improperly. Government favoritism is unfair to smaller private businesses that may well provide the superior commodity but are not as publicized as the company receiving the subsidies.