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We've been through much worse than this. The economy is complex enough and our entrepreneurs talented enough that we will rise above this. The economy gets be
by larryfreeman 17y ago
We've been through much worse than this. The economy is complex enough and our entrepreneurs talented enough that we will rise above this. The economy gets better under two circumstances in my view:
(1) Large opportunities are available for businesses to invest and make money.
(2) People start spending money again because consumer confidence improves.
BTW, the goal is not to produce more than we consume. That, in my view, is a formula for failure. The goal is to create a more stable supply and demand curve. If consumers don't spend enough money, then the problems get worse as a business's gross revenue decreases.
If we stop panicking, spend their money, stop with the bail outs, provide tax incentives for entrepeneurs, and most importantly, provide an opportunity for business to make money as well as compete with existing giants, then the recession will start easing into recovery.
- stuffthatmatter 17y agoAh yes, the American optimism. Obama's hopism. (1) Large opportunities are available for businesses to invest and make money. - where? VCs obviously don't think so. VC down 50% http://www.techcrunch.com/2009/04/17/venture-capital-down-50-it%E2%80%99s-not-just-the-recession-folks/ http://www.techcrunch.com/2009/04/17/venture-capital-down-50... (2) People start spending money again because consumer confidence improves. - How? They have no savings, and their credit's being pulled.
- dan_the_welder 17y agoWhat percentage of the economy is VC funded?