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by economusty 1827 days ago
That's all true.

The problem is two fold: poor AND stupid people can't start businesses. Funding the schools solves half the problem.

Smart and poor people can start businesses they just need to rely on partners for funding.

1 comments

It's more sinister than that. It's not only poor people who can't start businesses. Or we need to change our definition of poor. Who among the middle class could safely start a new business without putting their livelihood at risk? It's not a large number.

Rich people can not only start businesses, they can start many businesses. They can beat the statistics of business start up failure because there is little risk for them when a business fails.