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Indiana Congressional Candidate Mike Sodrel Addresses Louisville's Venture Club 

by Theresa Fritz Camoriano

 On August 7, Mike Sodrel, the Republican candidate for Indiana's 9th district, addressed a group of entrepreneurs and venture capitalists in Louisville.  Sodrel gave every attendee a small booklet of the Declaration of Independence and the U.S. Constitution, published by Cato Institute, and he spoke of Adam Smith, free market economics, and the need for businesses to operate within a moral and ethical framework. Sodrel said the recent corporate scandals are partially due to business schools teaching that businesses do not have to be concerned about morals or ethics. 

 Sodrel explained that, in accordance with Adam Smith's teachings, we normally can depend upon people's self-interest to provide us the goods and services we want and need.  Normally, the self-interest or greed of the buyer cancels out the self-interest or greed of the seller, so the system works pretty well.  Sodrel said that the recent corporate scandals indicate not so much that we need to create many new laws or penalties but rather that we need to take steps to align the interests of the company's officers with the interests of its shareholders.  Then, while the officers are serving their own self-interest, they will also be serving the interests of their shareholders.

 Sodrel's transportation and trucking business has been in the family for five generations.  In the early 1900's, his ancestors took boats full of goods down the Ohio and Mississippi Rivers, sold the goods and the boats, and then walked back home to Indiana.  Over the years, they have taken many risks, lost money, and made money.  The business has now grown to employ about 500 people. 

 Sodrel is concerned that government regulations and taxation will prevent future generations from being able to pursue their dreams in the same manner as past generations, and he is concerned that estate taxes will destroy family businesses like his.  He says he wants to go to Washington to do his part to restore the American dream for future generations.  For more information about Mike Sodrel, see:  http://www.mikesodrel.com

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