Levi Strauss & Company is number 469 on the Fortune 500 list of
corporations. Levi holds $3.135 billion dollars in assets and generated
profits of $156 million in 2011 out of $4.411 billion in revenues. Levi
operates in 110 different countries and employs 16,200 people world
wide. Why am I telling you about Levi’s financial information? Because
the asset value of this Fortune 500 corporation is roughly equivalent to
what the U.S. government incurs in new debt every single day.
This past fiscal year, the Treasury has increased the net debt of the federal government at an average rate of $3,699,744,466.56 per day. That works out to an annual increase of $1,354,106,474,762.13 in new debt. This is the fifth consecutive year that the government has spent a trillion dollars worth of new debt into existence.
To put that in perspective, if the U.S. government did not incur that debt, the private sector would have the resources at its disposal to create an entirely new enterprise the size of Levi every single day. And since Levi is a private firm, it must operate a sustainable business model that focuses on wealth creation. Levi must produce a product that people are willing to voluntarily pay for in order to sustain itself. The resulting products they create directly improve the human condition. If Levi did not improve the human condition with its products, people wouldn’t pay for them. Thus, they would be run out of business by the market, and those resources would be freed up for other entrepreneurs to utilize.
Read more: http://www.libertariannews.org/2012/07/25/understanding-what-could-have-been/
This past fiscal year, the Treasury has increased the net debt of the federal government at an average rate of $3,699,744,466.56 per day. That works out to an annual increase of $1,354,106,474,762.13 in new debt. This is the fifth consecutive year that the government has spent a trillion dollars worth of new debt into existence.
To put that in perspective, if the U.S. government did not incur that debt, the private sector would have the resources at its disposal to create an entirely new enterprise the size of Levi every single day. And since Levi is a private firm, it must operate a sustainable business model that focuses on wealth creation. Levi must produce a product that people are willing to voluntarily pay for in order to sustain itself. The resulting products they create directly improve the human condition. If Levi did not improve the human condition with its products, people wouldn’t pay for them. Thus, they would be run out of business by the market, and those resources would be freed up for other entrepreneurs to utilize.
Read more: http://www.libertariannews.org/2012/07/25/understanding-what-could-have-been/
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