Avi1001
reform Jew humanist liberal feminist entrepreneur
Brickj, I think you are right in everything you say, except your conclusions based on the facts. Except for the iPhone, I can barely think of an American entreprenuerial success story in the last 20 years. That is the shame and scary part!
We need to change our thinking about entreprenuership. We need to re-think our purchasing philosophy. We may need to re-think protectionism, for the short term. We definitely need to think outside the box. We need some reform economists.
We need to change our thinking about entreprenuership. We need to re-think our purchasing philosophy. We may need to re-think protectionism, for the short term. We definitely need to think outside the box. We need some reform economists.
No, but shareholders are in big trouble unless the right entrepreneurs come along.
'Growth' is the only business model that shareholders accept. They put up the money, and they want a return. Because of that a publicly owned businesses cannot stay still and must grow, sell or merge. Without huge population increases and huge new technologies, opportunities for business growth will shrivel away. Shareholders will stop seeing increases and dividends.
What people often are really concerned about when they talk about entrepreneurs are often not the entrepreneurs themselves or their tiny businesses but economic growth. Some optimists hope that by drumming young people out into entrepreneurial concerns that this will expand markets and create new demands to offset the stable, blah, doomed stagnation that shareholders currently face (ok that they always and continually face in a kind of permanent crisis). Shareholders want growth to continue forever.
Also, it isn't necessarily that entrepreneurs aren't succeeding. The successful ones disappear as they are quickly bought up by larger corporations. To be bought out means success to many entrepreneurs. There's nothing wrong with the entrepreneurs themselves. Some struggle, some fail, some succeed. Most that succeed get bought. Suppose that IBM had bought up Microsoft and Apple right from the beginning? That is what is happening today.
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