American businesses face a set of ever-changing obstacles to success, and in today’s environment, two of the most notable of these challenges come from our own government and governments from across the globe.
Risk #1: Threats to Free Enterprise at Home
Our American free enterprise system has empowered the upward spiral of human progress, fueled by the ambition and striving of people and supercharged by the innovation of American business. But today that system is under threat.
Go deeper: We are simultaneously facing:
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Federal agencies imposing ideologically driven regulations on business without transparency, accountability, or clarity.
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Lawmakers and regulators from both the populist right and the progressive left pushing anti-business rhetoric and pursuing anti-business proposals.
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An administration whose antagonism on trade is allowing the U.S. to fall further behind in key global markets.
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And well-funded free enterprise opponents who think the system needs to be replaced and are spending hundreds of millions of dollars to that end.
Risk # 2: Increasing Authoritarianism Abroad and Isolationism at Home
Free enterprise, free markets, and free trade have a proven track record as forces for positive change in the U.S. and around the globe. But by any measure, when America retreats in advancing these ends, others race to fill the vacuum. Perhaps the most painful lesson of the 20th century is that what happens in Europe, Asia, and elsewhere impacts America directly, and we ignore it at our own peril. Particularly challenging today is that democracies and free markets are under attack abroad. We must support and defend those who share our commitment to democracy, free markets, and the rule of law.
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