Posted on 05/08/2014 7:29:33 AM PDT by PoloSec
A new Brookings Institution report indicates that businesses are shuttering their doors more quickly than new ones are popping up.
From the Washington Post:
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011.
(Excerpt) Read more at weeklystandard.com ...
Well, Duh!
It’s what happens when we become blue.
I don’t see us as having one, large catastrophic collapse - rather a slow, painful grind-to-a-halt. In progess.
I suspect the growing “off the books” economy isn’t included in the figures.
Not that it makes up for the sucky traditional economy, but it seems a thriving black market almost always comes with an incompetent government.
This is how we used to be different from Europe. Remember in the 80s how European leaders were amazed at the number of US start-ups compared to Europe. Not any more. We will have big, crony-capitalist companies, state supported companies, and nothing else. And unemployment that hovers around 10 to 12%.
Venture capitalists are buying mobile home parks. Clayton Homes is marketing toward millinials and recently met with Warren Buffet. We are sliding fast.
But, this gives me a reality TV show idea. Show millinials getting all excited as their new “home” is set up on blocks. Too bad I don’t have the money to put together a “pilot” and pitch it to Clayton Homes as a sponsor.
Democrats + Taxes = FAIL
bkmk
I saw the other day that once Office Depot merges with with OfficeMax or Staples (can’t remember which one), Office Depot will close 400 stores. I know there is some duplication in there, but I got to believe that there are some closings due to lack of business start ups.
It’s easier for a fascist government to control a few very large businesses than a bunch of small ones.
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