My friend Matt Haze sent me an article today from the Atlantic Magazine, here’s the link: http://www.theatlantic.com/doc/201003/jobless-america-future. It’s entitled The New Jobless Era and goes into a lot of detail about how bad the economic and employment conditions are going to be over the next 5 to 10 years.
In fairness, you need to read the article, it is well written and seriously researched. Then I want you to read my response below. There is such a difference in mindset between the social analysts and the entrepreneurial doers. Sadly, too many people read what the analysts and journalists write but don’t pay attention to what the entrepreneurs are doing.
DAVE’S RESPONSE:
I have learned to be very skeptical about this kind of article. It is well researched and clearly written, but it fails to offer any wisdom that people can act on. It creates a gloomy picture without giving people a mindset or program to take action.
Also, I have learned from George Guilder’s writing that this kind of journalistic, economic and academic analysis seldom grasps or articulate what is going on underneath the big national numbers. They are very good at describing the personal tragedies and psychological traumas, but they do not show the lives of the people who are being productive, creative and optimistic. So, the picture they paint is dark and dreary.
I don’t have time for this! And, you don’t either!!!
And, if I were you, I wouldn’t pass this kind of writing on to your world unless you also connect them to people like Seth Godin (Linchpin) and George Gilder (The Israel Test).
Gilder points out (in Recapturing the Spirit of Enterprise) that this kind of economic, academic, journalistic doom and gloom was being written throughout the late 1970’s and the 1980’s, while at the same time the foundations were being built for the greatest economic prosperity the country (or world) has ever experienced (the 1990’s to 2006 boom time).
That growth was driven by entrepreneurs and small business owners. It was also enhanced by the Reagan tax cuts and reduction in capital gains. This freed up investment capital which could then finance these entrepreneurial venture. In the end, it generated more jobs and greater tax revenues for the federal government – to the point of a balanced budget in the late 1990’s.
So, we have a mission at Free Enterprise Warriors: to be the champions of enterprise. We a charged with supporting and encouraging entrepreneurs and in advocating reduction of social-governmental barriers to free enterprise. We must reduce the taxes that choke small business and get rid of the regulations that inhibit their operations. If and when we do, the entire society will reap the rewards.
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