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Honestly, social-structure probably has a lot more to do with amount of entrepreneurs in a nation. In America, we utter the word "entrepreneur" the same way a 1
by ffn 12y ago
Honestly, social-structure probably has a lot more to do with amount of entrepreneurs in a nation. In America, we utter the word "entrepreneur" the same way a 1960s boy would utter the word "astronaut" (or, if Soviet, "cosmonaut" or "potato"). As an American, I take it for granted that I can do a startup without my wife fearing she'll be ostracized by her friends, that I can still find a job if things don't work out, and the general public thinks it's endearing to support local/small businesses. Plus my parents don't feel the need to wallow in shame if I were to stay in their garage for a year to build my prototype (unless they're Asian), which effectively removes all my internal barriers to quitting my job and going down the path less traveled. The fact that social-security is there for me when I retire at 65 (lol) or so, general medical insurance won't be denied to me (considering the demographic of your average entrepreneur, why would it in the first place?), etc., don't occur to me at all.
As much as your average 20-something cynical know-it-all likes to bag on our education system and its spew of "you're special", "believe in your dreams", "don't be afraid to do something if you truly believe in it", etc., I should think it's that very sort of indoctrination starting at a young age that is ultimately responsible for so many Americans casting caution to the wind and pursuing their "American Dream", and for so many other Americans to sympathize with and be willing to support such folk on their trek.
But I will admit that the one government innovation that definitely helps entrepreneurship is the creation of the corporation. The fact that I can create this entity that's owned by me and the family, friends, and fools who believe in me, and that if things go South, the corporation can die without dragging me down with it, is extremely helpful in encouraging folks to venture. If I was a builder and the law was that if a house collapses and kills its residents, the builder will be found and killed in an eye-for-an-eye manor, I'd seriously think twice about building a house for anyone other than myself.
So what encourages entrepreneurship? Telling people since the founding of your nation that entrepreneurship is good and providing a means of separating the entrepreneur from his corporation.