BAD BEHAVIOR

“With freedom comes responsibility. Those who would have self-government must, by definition, govern themselves. Self-government only works when people act responsibly and fulfill their obligations. When people abuse these freedoms to enrich themselves at the expense of others, then the public will demand the government to step in. That is how government grows, and how freedom is diminished. The prospect of government intervention should be terrifying to corporate leaders. For too long many of them viewed it as a safety net. ...[A]fter the recent federal bailouts, some corporate officers are likely considering seeking the same bailout. As my grandmother was fond of saying, if you reward bad behavior all you are going to get is more bad behavior. Reckless and irresponsible individuals like those at the companies mentioned above give decent corporate managers a bad name. When financial meltdowns occur, the public’s outrage drives government to take over part of the private sector. When the government does so, it replaces irresponsible executives with unaccountable bureaucrats. That takes us out of the frying pan and into the fire.” —Ken Blackwell