What does the American Dream mean to you?
America is called the land of opportunity because it granted more immigrants or “common people” legitimate access through its borders and the freedom to live and work than any other nation in history. The availability of low-cost land for farm ownership offered a promise of prosperity that created America’s New World mystique and attracted an unprecedented number of immigrants to pursue the American Dream. The American Dream is an opportunity for everyone to achieve a better, richer, and more rewarding life according to their potential and merit based achievements, regardless of their social class or birth-status. [Read More]
- Owner of Goff Consulting, Inc – Specializing in economic development strategy, financial structure, and implementation.
- Senior Vice President for Hibernia National and Capital One Bank 2001 – 2006
- #1 overall ranked banker for the years 2001 – 2006 for business banking, specializing in development, commercial lending and small business.
- Owner of Residential Construction Company
- Construction Lending Department Manager for Hibernia National Bank 1987 – 1991.
- Mortgage Banker
- Auditor for Arthur Anderson Accounting Firm
- Bachelor of Science Degree, Accounting at Louisiana State University
- Bachelor of Science Degree, Business Administration at Louisiana State University
Pete Goff Jr.
Understanding Our Capitalist System
To gain perspective on what is most important for America to not only survive, but also thrive, we must take a new look at American economic history, focusing on the positive aspects of true economic growth. Understanding the economic process for building our wealth, “capitalism,” is crucial to America’s economic recovery and our future. “Capitalism” is a generic term subject to much disagreement because it is applied to any government using an economic system that allows both some degree of private ownership and some form of market for private participation in profits.
Governments determine the overwhelming majority of their economic systems: the extent of private ownership, the degree of government control exerted over financial markets and private industry, the market mechanism, money supply, etc. There are nearly as many different forms of capitalism as there are governments. Among the world’s economic “experts”, there is neither consensus on what capitalism means, nor any general agreement on how to proceed in analysis of a capitalist economy. One can easily conclude there are too many variables and not enough knowledge for the experts to master the capitalist system. [Read More]
