The best way for the nation to compete today is no different from what it was a century ago in the industrial-based economy. The best way is entrepreneurialism, coupled with the conditions that allow entrepreneurialism to thrive, including free markets, property rights, the rule of law, low taxes and a national culture that values risk-taking over risk-aversion.
Yup -- nothing like a bunch of uneducated entrepreneurs out there knocking over their competitors in a high-tech industry. And Cantoni even admits that education is a crucial component -- but tries to pass it off as a "global commodity," and therefore unimportant to his point.
This is the second Cantoni article I've seen posted here at FR, and it's as one-dimensional as the last one. Time to cross him off my list.
posted on 06/23/2003 12:41:30 PM PDT
Unfortunately, the only growth industries these days are; crime (and attorneys), government (and attirneys) and health care (and attorneys). The Feds here in St. Louis have a number of mid-level management people making $100,000.00+ per year. The only place in the private sector they can make that much is working as compliance officers at companies subject to their stupid regs.
posted on 06/23/2003 2:37:04 PM PDT
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