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jerryking : dynamism   5

Have Americans Given Up?
MAR 5, 2017 | The Atlantic | by DEREK THOMPSON.
...this is a mirage, according to the economist and popular writer Tyler Cowen, whose new book is The Complacent Class: The Self-Defeating Quest for the American Dream. In fact, the nation's dynamism is in the dumps. Americans move less than they used to. They start fewer companies. Caught in the hypnotic undertow of TV and video games, they are less likely to go outside. Even the federal government itself has transformed from an investment vehicle, which once spent a large share of its money on infrastructure and research, to an insurance conglomerate, which spends more than half its money on health care and Social Security. A nation of risk-takers has become a nation of risk-mitigation experts...So, what happened? Cowen’s thought-provoking book emphasizes several causes, including geographic immobility, housing prices, and monopolization.....several studies have shown that many U.S. workers don’t start new companies because they’re afraid of losing their employer-sponsored health insurance. A single-payer system might increase overall entrepreneurial activity. As I read Cowen’s book, I thought of an acrobat show. No circus performer wants to leap between swings without a net to catch them as they fall. The trick is to design for safety without designing for complacency.
large_companies  dynamism  America_in_Decline?  self-defeating  Tyler_Cowen  economists  books  innovation  illusions  Silicon_Valley  geographic_mobility  economic_mobility  housing  Donald_Trump  elitism  restlessness  safety_nets  risk-mitigation  monopolies  the_American_dream 
march 2017 by jerryking
Merchant bankers
November 29, 1996 | The Globe & Mail (Report on Business)| Guy Rosa.

In a country where little is done to encourage the entrepreneurial spirit, merchant bankers fuel what may be the single most significant factor to the resurgence of the Canadian economy.
Canada's major banks have not realized the importance of their roles as financiers of entrepreneurs. The problem: Entrepreneurs are a hit-and-miss group of individuals who carry with them the high risk of failure. It is understandable, therefore, that the only source of financing for this special breed of business persons are successful entrepreneurs. who know that a little bit of desire and hard work can go a long way.
The fact is that with unemployment lingering around 10 per cent, and a job market as stagnant as it is. entrepreneurs will be the single most important contributors to the growth of our economy. In Canada. the federal government, our major banks and our universities have created a restricted environment with regard to promoting entrepreneurial spirit. Merchant bankers, on the other hand, have reaped the rewards of promoting entrepreneurial spirit. and in so doing have paved the road others should follow.
Guy Rosa Jerseyville, Ont.
dynamism  letters_to_the_editor  merchant_banking  private_equity  hard_work  hit-and-miss  the_single_most_important 
july 2012 by jerryking
Daniel Henninger: Capitalism Saved the Miners - WSJ.com
OCTOBER 14, 2010 | WSJ | By DANIEL HENNINGER. Capitalism
Saved the Miners
The profit = innovation dynamic was everywhere at the mine rescue site.
In an open economy, you will never know what is out there on the
leading developmental edge of this or that industry. But the reality
behind the miracles is the same: Someone innovates something useful,
makes money from it, and re-innovates, or someone else trumps their
innovation. Most of the time, no one notices. All it does is create
jobs, wealth and well-being. But without this system running in the
background, without the year-over-year progress embedded in these
capitalist innovations, those trapped miners would be dead. ...What's
needed now is a new American economic model that lets our innovators
rescue the rest of us.
innovation  Chile  mining  Daniel_Henninger  capitalism  dynamism 
october 2010 by jerryking
Op-Ed Columnist - The Democrats Rejoice
March 22, 2010 | - NYTimes.com | By DAVID BROOKS.The essence
of America is energy — the vibrancy of the market, the mobility of the
people and the disruptive creativity of the entrepreneurs. This vibrancy
grew up accidentally, out of a cocktail of religious fervor and
material abundance, but it was nurtured by choice. It was nurtured by
our founders, who created national capital markets to disrupt the
ossifying grip of the agricultural landholders. It was nurtured by
19th-century Republicans who built the railroads and the land-grant
colleges to weave free markets across great distances. It was nurtured
by Progressives who broke the stultifying grip of the trusts.
David_Brooks  GOP  Democrats  dynamism  entrepreneurship  capital_markets 
march 2010 by jerryking

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