4 ms·
Your comment would imply that there would be a correlation between high entrepreneurship and high income equality, but the exact opposite seems to be the case.
by TangoTrotFox 8y ago
Your comment would imply that there would be a correlation between high entrepreneurship and high income equality, but the exact opposite seems to be the case. And I think there's even a simple reason for this. The fact people can raise tens of millions of dollars for ideas as stupid as a DRM'd fruit juice packet opener machine is a result of the fact that there's a lot of people with a lot of money looking to invest in pretty much anything.
Maybe there's an argument to be made that they're investing these stupid ideas in lieu of other options that could be more desirable by one metric or another, but the excess of money is I think, without question, what drove the meteoric rise in entrepreneurship. When nobody has the surplus of money to invest in ideas, it's tough to get the capital to go out and try to make them happen.