by Tom Makeig, a lawyer who serves entrepreneurs

About this blog

My photo
Thomas H. Makeig, with offices in Fairfield, Iowa, is a 1981 alumnus of New York University School of Law and is admitted to the practice of law in Iowa and New York. This blog does not offer legal advice, which requires confidential personal communication with a lawyer. NOTICE TO THE PUBLIC: The determination of the need for legal services and the choice of a lawyer are extremely important decisions and should not be based solely upon advertisements or self-proclaimed expertise. This disclosure is required by rule of the Supreme Court of Iowa.

Monday, August 10, 2009

What does an entrepreneur need from the law?

I met an entrepreneur from Kenya who told me that the number one need of every business is that the the government must promote the rule of law.

In the United States we get worked up over marginal tax rates, employer mandates, regulation and such. To my Kenyan friend, none of these are important. Being free from extortion, being able to enforce a contract in court and not having to bribe every high or low government official whose bailiwick touches one's business: These are the legal prerequisites to business success.

Puts things in perspective, doesn't it? Truth is, business can thrive wherever there is civil authority, relative peace, the rudiments of a justice system and civil servants whose primary agenda is not self-enrichment. (Remember last year's scandal over the BLM officials who partied at oil company expense while overlooking billions in lease underpayments? In many countries, this would be considered the norm.) Whatever our problems in the United States, our system of law and government make us the envy of entrepreneurs the world over.

No comments:

Post a Comment