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by wpietri
5169 days ago
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I agree that not everybody needs to be an entrepreneur, but I think you vastly overstate your point. Small businesses can be inefficient, but so can large companies. Indeed, because large companies are larger, so are their opportunities for waste. Worse, large companies are much more insulated from market forces, allowing them to be wasteful for much longer. And it's literally impossible for anybody to understand what a large company is doing, making it very hard to pursue systemic efficiency. The real efficiency wins may be somewhere in the middle. Consider the German Mittelstand, a major engine in Germany's economy: http://en.wikipedia.org/wiki/Mittelstand But to get those companies, you have to have a lot of small ones. Everyone might not be an entrepreneur, but that doesn't mean we shouldn't encourage people to try if they feel called. (Not subsidize; encourage.) Worst case is that they learn something about themselves and about business, and those are lessons anybody can use. |
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