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Let the market itself decide. If "providers of capital" do not fund promising new ventures, they will gradually cease to be providers of capital, and simultaneo
by hobobaggins 4y ago
Let the market itself decide. If "providers of capital" do not fund promising new ventures, they will gradually cease to be providers of capital, and simultaneously new "providers of capital" will sense a good opportunity and step up. That's the foundation of capitalism, and detecting these opportunities is the heart of being an entrepreneur.
- bumby 4y agoThere are plenty of valuable markets that wouldn’t exist without central planning. Aerospace (and it’s offshoots) are particularly strong examples. The only groups that were large enough to bear the risk to foster such nascent industries were large govts.
- PaulDavisThe1st 4y agoDon't agree. Being an entrepeneur can be (and often is) about making a living, not a killing. Most small to medium size businesses in the USA just about get by, they make payroll, covers costs and not much more. Their existence is good for society, but isn't much of an opportunity for substantial returns on capital investment. Also, #1 isn't about whether capital is required or provided - it is nearly always necessary. The question is about the distribution of risk & reward between the providers of capital, labor and IP. When capital has outsize economic and political power, it's not suprising that it also arranges for itself a political, economic and cultural environment in which it reaps more of the rewards than the providers of labor or IP.