FedEx CEO Attacks Public School Monopoly

Frederick Smith says that the public school monopoly tends “to gravitate to the lowest common denominator.”

In my opinion, Frederick Smith was courageous to say the things he said. There are two reasons for my opinion. First, despite the popular myth about them and the free market, businessmen and entrepreneurs are often more interested in gaining government help than in winning in a free market environment. For some, a monopoly is what they aspire to become once they get successful enough to hire the right lobbyists and bribe the right politicians.

Second, governments can really cripple private businesses, especially when the government is as big and unfettered as the U.S. Federal Government. FedEx doesn’t want any conflicts with the Feds. So it is risky speaking out for a position that you know this Administration opposes.

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