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I don't mean to sound dismissive, but that's a knowledge problem. Many people have no idea how to procure capital, nor what capital procurement even entails. Th

I don't mean to sound dismissive, but that's a knowledge problem. Many people have no idea how to procure capital, nor what capital procurement even entails. There are few viable routes to becoming an entrepreneur, and most people would agree that the most viable route is learning from other entrepreneurs. For me, learning how to operate a business required a lot of reading, failure, and bad decisions. For someone who has easy access to the knowledge that I had to work hard to attain, becoming successful has a much shorter path. For someone who doesn't even have a map (many people in poor or socially disadvantaged communities), it requires a level of tenacity and drive that is very rare. So while I agree with you that most people are excluded from maximizing their potential, I think the root cause is not a lack of capital, but a lack of knowledge about how to interact with capital.

spiralx 8y ago
> So while I agree with you that most people are excluded from maximizing their potential, I think the root cause is not a lack of capital, but a lack of knowledge about how to interact with capital. And do you not think that this is a function of how much capital one has access to in the first place? Leaving aside the research showing how poverty affects development, those born to families with wealth will have both more knowledge of how to interact with capital and more access to capital in general. You seem to be both acknowledging that there is a stacked deck and claiming that there is a level playing field where everyone can achieve their true potential.
- debacle 8y ago
  There is no stacked deck. No one cheated because they have business savvy parents or friends. Everyone can go to busines school, or learn things the hard way. The knowledge is there, and the people who have great enough desire find it. Teaching it universally would be a great social good.

spiralx 8y ago

> So while I agree with you that most people are excluded from maximizing their potential, I think the root cause is not a lack of capital, but a lack of knowledge about how to interact with capital. And do you not think that this is a function of how much capital one has access to in the first place? Leaving aside the research showing how poverty affects development, those born to families with wealth will have both more knowledge of how to interact with capital and more access to capital in general. You seem to be both acknowledging that there is a stacked deck and claiming that there is a level playing field where everyone can achieve their true potential.

debacle 8y ago
There is no stacked deck. No one cheated because they have business savvy parents or friends. Everyone can go to busines school, or learn things the hard way. The knowledge is there, and the people who have great enough desire find it. Teaching it universally would be a great social good.