Lucille
Member
- Joined
- Oct 30, 2007
- Messages
- 15,019
Kill entrepreneurship and small businesses--it's what fascism does. And that is the US system.
http://www.zerohedge.com/news/2015-01-14/gallup-ceo-blasts-us-leadership-economy-not-coming-back
"Prosperity depends entirely upon a minority being allowed to function. We do not mean a class, but a certain type of mind. It exists in various degrees and forms-business men and farmers and foremen and housewives, the people who always somehow get things done, get some practicable result from whatever material is at hand and whatever other people they must work with. They are self-starters. And they are seldom conspicuous.
The self-starters are never college professors nor politicians. Neither do we mean inventors, intellectuals, artists or writers-the creative artist is naturally anti-social. The self-starters, of course, use what more original minds discover, and their particular function is to hold everything together. One can't always see how they do it...
In an effort to regulate everything those people may be easily eliminated. They have been very nearly exterminated in Russia. Bureaucracy smothers them. And the set-up goes with them."
--Isabel Paterson
http://www.zerohedge.com/news/2015-01-14/gallup-ceo-blasts-us-leadership-economy-not-coming-back
The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, Finland, New Zealand, Sweden, Israel and Italy all have higher startup rates than America does.
We are behind in starting new firms per capita, and this is our single most serious economic problem. Yet it seems like a secret. You never see it mentioned in the media, nor hear from a politician that, for the first time in 35 years, American business deaths now outnumber business births.
The U.S. Census Bureau reports that the total number of new business startups and business closures per year -- the birth and death rates of American companies -- have crossed for the first time since the measurement began. I am referring to employer businesses, those with one or more employees, the real engines of economic growth. Four hundred thousand new businesses are being born annually nationwide, while 470,000 per year are dying.
You may not have seen this graph before.
Until 2008, startups outpaced business failures by about 100,000 per year. But in the past six years, that number suddenly turned upside down. There has been an underground earthquake. As you read this, we are at minus 70,000 in terms of business survival. The data are very slow coming out of the U.S. Department of Census, via the Small Business Administration, so it lags real time by two years.
Net Number of New U.S. Firms Plummets
Business startups outpaced business failures by about 100,000 per year until 2008. But in the past six years, that number suddenly reversed, and the net number of U.S. startups versus closures is minus 70,000.
My hunch is that no one talks about the birth and death rates of American business because Wall Street and the White House, no matter which party occupies the latter, are two gigantic institutions of persuasion. The White House needs to keep you in the game because their political party needs your vote. Wall Street needs the stock market to boom, even if that boom is fueled by illusion. So both tell us, "The economy is coming back."
Let's get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses.
[...]
I don't want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they're being born, so is free enterprise. And when free enterprise dies, America dies with it.
"Prosperity depends entirely upon a minority being allowed to function. We do not mean a class, but a certain type of mind. It exists in various degrees and forms-business men and farmers and foremen and housewives, the people who always somehow get things done, get some practicable result from whatever material is at hand and whatever other people they must work with. They are self-starters. And they are seldom conspicuous.
The self-starters are never college professors nor politicians. Neither do we mean inventors, intellectuals, artists or writers-the creative artist is naturally anti-social. The self-starters, of course, use what more original minds discover, and their particular function is to hold everything together. One can't always see how they do it...
In an effort to regulate everything those people may be easily eliminated. They have been very nearly exterminated in Russia. Bureaucracy smothers them. And the set-up goes with them."
--Isabel Paterson
