You balance the budget by restraining the growth of government and encouraging the growth of the private sector.

In the private sector, there is always innovation. There's always change. There's always improving productivity, and if you're not leading that, you'll be passed and ultimately go out of business. So there's an urgency to constantly update and renew and to rethink your enterprise.

For American foreign aid to become more effective, it must embrace the power of partnerships, access the transformative nature of free enterprise, and leverage the abundant resources that can come from the private sector.

The private sector is motivated by profit and efficiency and the US government often is not.

Leadership at the civic level is designed to be inclusive, but has difficulty being effective. In the private sector, leadership is based on meritocracy. Digital economy should be led by the private sector and the role of government should be to facilitate and support it. [On Strategies for Global Digital Economy]

Obama is from this group that resents the private sector, resents the capitalistic means of production.