America has been known for its entrepreneurs. Policies encourage business creation, at least relative to other nations. Culturally, taking risks is more acceptable. As the job market has shifted away from life-long careers and more towards independent contractors, it would seem to further encourage entrepreneurship. It has and it hasn’t. Overall, entrepreneurship is stagnant; but, the richer your community and support network, the more likely you can succeed at starting your own business. Until recently, startup costs were lower and lending practices were easier; now, however, more initial capital is required and lending is more difficult. Private funding of businesses becomes more prevalent, which means the wealthy are the people most likely to afford the means of creating wealth. Inequalities entrench and expand.

(Click on the photo for the link.)

“Entrepreneurship: Increasingly The Province Of The Wealthy” – The Atlantic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s