The Changing Role of Government and Entrepreneurship in America

On April 23, 1910, at the Sorbonne in Paris, America’s 26th President, Theodore Roosevelt delivered his celebrated speech, entitled “Citizenship in a Republic”.  A prominent passage of Roosevelt’s address is known as “The Man in the Arena”. That famous section speaks to those who take risks. People who put their time, money, effort, and reputation on the line knowing they may fail, yet nevertheless commit to improving themselves and helping to move others to a better place. Roughly halfway through his remarks Roosevelt declared:

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.  The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails,

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