Quote:
Originally Posted by kerry
The US small business failure rate in the first 3 years is around 70% the last time I read about it. Not sure exactly what percentage of change in those numbers would have a substantial effect in a couple of generations, but forbidding investment in marginal enterprises would seem to be good for the economy. I would imagine this is one reason why an authoritarian country like China has been so good in competing in the world market. Capital is not wasted on millions of small stupid unsuccessful business ventures and is concentrated in closely analyzed large ventures.
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Well, also the fact that they are hungry while we are not. A lot of our people have an entitlement mentality that is grown by the entitlements we give them. That pulls down the whole group. Even an animal that is normally a weak cowardly thing will fight if cornered. They feel the corner, we don't.