The US economy has a competitive intensity problem, and [a] decline in startups is at its core. Startups are the straw that stirs the drink. They generate new innovation (and new jobs) and force incumbents to improve or die. They change everything, creating a healthier, more vibrant economy in the process.
In the US economic ecosystem, startups are wolves. And we need more of them, and the creative destruction they bring, to transform our stagnating economy.
The intellectual standards of academics nowadays! Fred Block refers to capitalistic freedom as the "the Robinson Caruso [!!!] freedom", at time mark 09:43, if you care to watch this not-a-must-see-interview, and immediately goes on to explicate:
The freedom of some people to make a lot of money has a lot of consequences for the lack of freedom for other people who then have to work in Wal-Mart at low wages or whatever ...
I quote this excerpt not because I am particularly eager to point you to the interview. For the purpose of this post, I am solely concerned with a widely held attitude resonating in Block's pronouncement, which is congeneric with a rather popular argument that never fails to annoy me for being immensely absurd and hypocritical.
What I have in mind is the subliminal idea that there is a special class of people with a duty, call it the E-duty, as basic as the most elemental personal rights, to create opportunities for safe, durable and satisfying employment for another class consisting of people that are either not willing to or not capable of providing employment to anyone, while at the same time being fully exempt from the E-duty.
When people attack, say, "capitalist swine X" for laying off employees or not paying wages deemed sufficient by their recipients, I ask the accusers why it is that they do not provide these workers with employment at agreeable wages? In not even trying to provide jobs, are the accusers not being even more egotistical than "capitalist swine X"?
Apparently, it is perfectly virtuous for employees not to even begin to create employment and a flow of income to the employed, while the same inability or unwillingness in employers is being considered a moral failing of the severest kind.
If the accusers thought matters through, they would find that the non-employing employee would by definition have to be regarded as being morally more base than the employing employer, who at least provides some employment and some income for others.
Foie Gras, a speciality of my Alsatian neighbours, is among the top ten of my favourite dishes. An hors d'oeuvre to be accompanied by a glass of Muscat d'Alsace, a delicious apperitive wine, best cherished in a cosy automnal or winter environment.
"Ukelele Serenade" by Aron Copland is a truly remarkable piece of music; it has a pantomimic quality to it, if I may use this oxymoronic phrase, conjuring funny characters before my eyes. I am not sure I have ever been amused by music before I heard "Ukelele Serenade".
It is the time of the year when summer and autumn are alternating and interfusing. The last two nights were almost hot summer nights; with days of blazing light emanating from a still powerful sun, leaves taking on the colours of autumn, and many already falling. Today was a a grey and dark day of heavy rain, almost like on a snow-less winter day, apart from the mild temperature.
Shrill shriek the crows that to the town in whirls roam: soon come the snows - weal unto him, who - has a home!