Mr. Entrepreneurship, that is. And it turns out he was murdered.
The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity. Countries such as Hungary, Denmark, Finland, New Zealand, Sweden, Israel and Italy all have higher startup rates than America does.
We are behind in starting new firms per capita, and this is our single most serious economic problem. Yet it seems like a secret. You never see it mentioned in the media, nor hear from a politician that, for the first time in 35 years, American business deaths now outnumber business births.
The U.S. Census Bureau reports that the total number of new business startups and business closures per year — the birth and death rates of American companies — have crossed for the first time since the measurement began.
And there’s even a nifty graph to illustrate what is happening to small businesses in America.
It’s a real life game of Clue being played by people who don’t understand business, economics, or history.
Unfortunately for them, everyone can see that it was Fedgov in the courtroom with the regulations…
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” Vladimir Lenin