Wednesday, June 27, 2007

Google Reader (100+)

"That is the question that is posed in the cover story at Fortune this week. The answer seems to be 'yes' if you define business in terms of Big Business.

James Pethokoukis at US News also explores this question. His answer is also 'yes', since Big Business loves to pick who they see as the likely winner, loves the status quo, and is absolutely head-over-heels in love with big government.

And what does the entrepreneurial part of our economy think of Hillary? Pethokoukis asked me that question. Here is what he printed from my answer to this question:

There has emerged a sharp contrast between the interests of Big Business and Small Business. In the past century, Big Business, Government, and Labor created a cozy relationship in which they found common ground to support each other. This system worked great until the 1970s-1980s, when the Big Businesses that dominated our economy for so many decades lost their economic steam. Entrepreneurs began to fill the void, creating 78 percent of all new jobs over the past 20 years. Big Business has continued to be supportive of both parties, and as a result both parties have mostly ignored the emergence of the entrepreneurial economy we now find ourselves in. They govern as if it is still 1965. However, over 50 percent of the GDP (according to the Small Business Administration) is now generated by small busi"

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