Do you remember how bad the Obama Administration was at being a “green Venture Capitalist” (think: Solyndra)?
Articles tagged as
Entrepreneurship
Notable Quote – Prof. Don Boudreaux
He [J.D. Rockefeller, Sr.] was also insistent that his massive philanthropy paled in importance beside the good he had done in creating jobs and furnishing affordable kerosene at Standard Oil. DBx: Rockefeller was correct. Wealth cannot be philanthropically given away unless it is first created. Nor can wealth be “redistributed” by the state unless it … Read more
Data Point – Where are the Entrepreneurs?
Let me say right off the bat that I am no economist and would never even try to fake being one here on the ‘Grok. That said, I see this chart as being extremely troubling. Our traditional economics here in America has depended people, drawn to America on the idea that they too could make their own American Dream, that were willing to take that risk. They knew and understood that while the risk to succeed meant great riches if they did indeed succeed, they could also nose-plant – yet took that risk anyways.
Some, being imprudent, failed to do the requisite homework, failed to calculate the risks, went ahead and risked it all anyways by starting up their business, and did the nose plant. And yes, some did succeed despite themselves (re: anyone remember Pet Rocks?). Most look, however, evaluate those risks and as this chart shows, have decided that the future is too unknowable to risk it.