In his address at Moscow State University, President Reagan emphasized the importance of small businesses in driving the technological revolution. He pointed to the example of a personal computer firm started by two college students in their garage, highlighting the entrepreneurial spirit and vision that fuel innovation in the modern era.
Reagan's belief that small businesses are at the forefront of the technological revolution is evident in his assertion that entrepreneurs are the explorers of the modern era. He praised their courage to take risks and their faith to venture into the unknown, likening them to athletes in competition or scholars in pursuit of truth.
The President also addressed criticisms of the free market, acknowledging that some see only waste in the riot of experiment that is capitalism. However, he questioned what would become of the entrepreneurs who fail, emphasizing the importance of supporting and nurturing small businesses as they drive innovation and progress.