23 February 2012

A Reorientation Towards Start-ups Needed

From The Atlantic: The Entrepreneur State: Safety Nets for Startups, Capitalism for Corporations
What if the law were biased, not toward the oil and gas industry or the cotton farmers, but to the creative, the self-employed, and the entrepreneurs?

This isn't industrial planning. It's not about picking winners. It's making rules that increase the odds that entrepreneurs play the game in the hope that many of them will win.

[W]hat if the law were biased, not toward the oil and gas industry or the cotton farmers, but toward the creative, the self-employed, and the entrepreneurs? What if we combined a liberal approach toward mitigating risk for startups with a conservative approach toward taxing and regulating established corporations?

The result might be more people playing the entrepreneur's game, more entrepreneurs winning the game and ramping up their companies, and more companies to hire more workers.
But since such an approach might threaten a vested interest that has, at great expense, captured the system, it's probably not a good idea to get our hopes up.

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