In simple terms, the statement suggests a balance between supporting businesses and acknowledging that their success should stem from their own efforts rather than external support or advantages. It implies that while the speaker supports business interests, they believe companies must earn their profits through effective management and strategic planning without relying on government favors or other undue assistance.
This quote carries deeper implications about the role of ethics in corporate governance and public policy. Richard Painter is highlighting the importance of businesses operating with integrity, adhering to ethical standards, and focusing on fair competition rather than seeking shortcuts through political influence or regulatory loopholes. By emphasizing that companies should be self-reliant and earn their success honestly, he underscores the need for a level playing field where meritocracy prevails over favoritism.
Richard Painter is an esteemed legal scholar and former White House ethics counsel, known for his expertise in corporate governance and public policy. His insights often revolve around maintaining transparency and accountability within business practices to ensure they align with broader societal interests and ethical standards.
