Entrepreneurs "give back" to society not only in taxes but in products that improve our lives—and in charity. While individual success is aided by public institutions, private associations such as family and community often play a larger role.
Obama is not a quasi-communist; he is just a liberal. Yet at a time when more than 40 percent of our gross domestic product is spent by government, we should be asking how much government is too much. Obama's speech suggests that his instinct is for more, not less.