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All of that sounds good in theory and I support these policies, but empirically these policies don't lead to the results you believe that they do. The US is ma

All of that sounds good in theory and I support these policies, but empirically these policies don't lead to the results you believe that they do. The US is massively more entrepreneurial than any other country, and it has none of these things. The countries that do, are not only significantly less entrepreneurial, but when people are entrepreneurial there are often confounded by those systems. What seems to empirically be true is that easy access to capital is the primary driver for entrepreneurship, and easy access to capital is mostly enabled by a combination of fiscal policy and wealthy individuals and institutions without better investment opportunities. Easy access to capital is the primary driving force behind entrepreneurship in the West, and particularly in the US, and it seems being the wealthiest country in the world is a huge driver on its own for this.

sinenomine 4y ago
I agree with the take on capital access as the foundation of entrepreneurship, especially its modern, VC-backed incarnation (poor bootstrapped startups, with cards stacked against them - and even if they win - no serious media coverage) ... yet to play a bit of devil's advocate, are wealthy individuals as important in providing the capital? Surely, by the sheer monetary volume, the fiscal policy component you mention will overshadow any private initiative, and it is this component which makes the US an outstanding location? If this is true, progressive tax system wouldn't interfere with the entrepreneurship much, while the QE-driven investment continues to work as intended.
Melatonic 4y ago
The US is really a unique case even now - so many factors to consider. If I had to guess I would say that the US leads the entrepreneurial space for many reasons other than healthcare but that does not mean universal healthcare would make it even more entrepreneurial. More than anything, however, I think those social safety nets would encourage people to consider career changes more (like if they are very dissatisfied with their current one) and job movement between existing businesses.

sinenomine 4y ago

I agree with the take on capital access as the foundation of entrepreneurship, especially its modern, VC-backed incarnation (poor bootstrapped startups, with cards stacked against them - and even if they win - no serious media coverage) ... yet to play a bit of devil's advocate, are wealthy individuals as important in providing the capital? Surely, by the sheer monetary volume, the fiscal policy component you mention will overshadow any private initiative, and it is this component which makes the US an outstanding location? If this is true, progressive tax system wouldn't interfere with the entrepreneurship much, while the QE-driven investment continues to work as intended.

Melatonic 4y ago

The US is really a unique case even now - so many factors to consider. If I had to guess I would say that the US leads the entrepreneurial space for many reasons other than healthcare but that does not mean universal healthcare would make it even more entrepreneurial. More than anything, however, I think those social safety nets would encourage people to consider career changes more (like if they are very dissatisfied with their current one) and job movement between existing businesses.