Good one. Another myth debunked.
It's about creating space and the right conditions for things to happen rather than relying on incentive.
This goes along with Mariana Mazzucato's entrepreneurial state. A safety net creates space and an entrepreneurial state creates the right conditions.
Bloomberg View
Want More Startups? Build a Better Safety Net
Bloomberg View
Want More Startups? Build a Better Safety Net
Noah Smith, contributor
4 comments:
The divergence between of new business created vs. destroyed has been increased, on an environment without meaningful growth and instability plus increased rigged markets by large corporations it's normal.
Hopefully this will eventually kill the myth of the 'self-made man' and individualistic/non-systemic explanations to unemployment in the future.
"Go grab a bike and create your business!" not working much. There is a large IPO(with unrealistic valuations)-startup failure complex feed by unlimited gambler money (I mean "venture capitalists" sorry!)created that is feeding the myths though, but is slowly failing and blowing up.
Looks like Vine got shut down...
Noah gradually switching sides, coming around slowing ...
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