Thursday, September 24, 2009

Downturn Derails The Self-Employed

Large business in the U.S. remains a substantial employer but has been a net destroyer of jobs in the U.S. for forty years. Large employers are the Soviet Unions of our economy - run by politburos most often not representative of the ideals of its employees, stifling individual creativity and freedoms, using girth in lieu of invention to control markets, lobbying government for rules to strangle entrepreneurs and competition, stripping employees of pensions they have worked decades for and a host of other similar pleasantries. Then they wrap it all with a pretty bow and use corporate communications and advertising to claim how much they give back to communities. In other words, plenty of propaganda by the ministry of misinformation. I pretty much wrote that sentiment on here three years ago and I doubt it meant a darn thing to most people reading it. I bet it does now.

Small companies and entrepreneurs are the source of new invention and new ideas. The only net job creators for forty years. Often brilliant minds stifled by working for major corporate bureaucracies. People who seek new ideas for the market place. People who may have a dream of being free of corporate control. People who want to create a work environment with a conscience. Small companies are the thirteen colonies before the American Revolution comparative to the corrupt bloat that was England.

Now obviously these are idealized views of reality. But, in general there is substantial truth in that sardonic assessment.

If the U.S. is going to give more than lip service to new business creation in the United States, we need policies that will level the playing field with the monstrosities that are mega-businesses. Especially if government is not going to enforce antitrust rules which, in itself, is a crime. And that means we need to check the lobbying efforts of the Chamber of Commerce and similar organizations choking off creativity, invention and fair trade in the American economy. And we need health care reform so that entrepreneurs can be confident that immoral health insurers and their legion of lawyers can't cancel our policies for some ridiculously trivial reasons like a missing toenail. And we need new economic rules which incent new capital formation in lieu of the economically destructive mergers business which creates even more job losses and less competition in the economy courtesy of Wall Street.

Why would anyone seek to start a new business in the United States? And yet they do. Even though the government has made the playing field completely uneven. How incredible would that engine of growth become if we actually had a level playing field?

Link here.
posted by TimingLogic at 5:55 AM