Ronald Reagan Murdered America's Entrepreneurial Spirit (More US Business Dying than Being Born)

[kpete]

With all the tech startups flooding the market, it would seem that America is more entrepreneurial than ever. But just the opposite is true. According to a pair of reports from The Brookings Institution, American entrepreneurship has been declining since the 1970s.



Brookings’ reports reveal that American business has become steadily less dynamic in the past three decades. Instead of creating new companies, would-be entrepreneurs are increasing going to work for established corporations. And the rate of corporate consolidation is only making the statistic worse.

Now, for the first time since Brookings began tracking the data, more businesses are dying than being born in America.

http://valleywag.gawker.com/americas-entrepreneurial-spirit-is-dying-1618511415

[The2ndWheel]

1. E pluribus unum