Are Small Businesses Overrated Summary

Now more than ever, Americans are proclaiming that, “Small Businesses are the Backbone of the American Economy.” Whether this is seen through the Republican party’s efforts to “cut taxes” on small businesses, the Democratic party’s efforts to stop Republicans from cutting taxes on large businesses, or even people in our local communities walking around with buttons saying, “Shop Small.” Americans are proud to live in the land of the free and the home of the brave. A major part of this feeling is the idea that anyone can live out the American Dream – the idea that in our country, you can start from nothing and become incredibly successful. The love for small businesses is one of the main things that upholds this idea of the American Dream

Aristotle believed that when evaluating political issues, it is important to both consider the normative values behind that issue along with its practical implications. Using this method of approach, I think the best way to understand how Aristotle would have responded to this article and answered the question, “Are small businesses overrated?” is by starting with his first principle method of analysis to simplify the problem, next, applying these principles to understand how Aristotle might argue that small businesses are in fact not overrated and rather imperative to our economy, and finally, understanding how Aristotle would argue the opposite – that an excessive focus on small business is hurting our

The first being that the role of small businesses is to strengthen community ties because this is the purpose of the economy, and the second being that the role of small businesses is simply to generate growth in the economy. Combining this with Aristotle’s first principle that the natural goal of a man is happiness, we can now begin to evaluate how each of the two the first principles of the prompt that I have come to fit into Aristotle’s framework in order to conclude Aristotle’s answer to the question, “are small businesses overrated?” If we take the first way of looking at the modern claim about small businesses, I believe that Aristotle would argue that small businesses are not overrated and that they are in fact the backbone of the American economy. This argument is based off of the interpretation that the purpose of the American economy is to promote the American Dream, because that is how we have portrayed our economy for