entrepreneurship
Repairing the roads by forcing everyone into the ditches?
Back in “America’s Tensioned Prosperity” we pointed
out that the greatness of the United States has
always been associated with the somewhat tensioned
symbiosis between government programs, especially
federal government programs, creating incentives by
which enterprise innovation provides economic
growth and wealth creation, pretty much through
free market capital.
Since the 1970s that model has shifted dramatically towards leveraged debt consumerism, at the expense of both required government programs and sustainable wealth creation. That has shifted that historic tension to the not “fair and balanced” but to policies of the extremes.
In a recent article in the “Washington Monthly,” entitled “Introduction: The Next Frontier,” Paul Kedrosky, Senior Fellow at the Ewing Marion Kauffman Foundation fills in the gaps of our tensioned blog.
President Obama has taken the United States in short order to the left big government ditch of the road, from the right laissez faire ditch of the Bush Administration. However neither seemed or seems to realize that current American problems really don’t have much to do with the ditches and their current state, but rather the state of the Interstate, highway, road, path, and trail. Relying on fixing the current debt consumerism model is not going to help, no matter how much money is thrown or wasted on the ill-fated attempts.
Entrepreneurial enterprises require a garden in which financial liquidity is timely and sustainable, in a soil in which economic conditions can and will be sustained until such time new wealth can be harvested.
So far the Obama Administration has not even given lip service to this reality. Especially when this is compared to what he has spoken obtusely about Iran’s right to nuclear power. We must note new growth opportunities in nuclear power have been taken off the American agenda, along with domestic oil drilling, clean coal carbon sequestering, and low head small hydro,
Instead he has nationalized the domestic auto industry and will force it to build small cars, thereby eventually cutting new auto sales by 75% from 2007 levels, This while he attempts to institute a bungling bureaucratic bourgeoisie, that will attempt to micromanage, through cap and trade taxation, twentieth century corporate behemoths and dinosaurs. All the while true sustainable energy innovation languishes from deficit and debt burdens which surpass the totality of all human historic development.
Since the 1970s that model has shifted dramatically towards leveraged debt consumerism, at the expense of both required government programs and sustainable wealth creation. That has shifted that historic tension to the not “fair and balanced” but to policies of the extremes.
In a recent article in the “Washington Monthly,” entitled “Introduction: The Next Frontier,” Paul Kedrosky, Senior Fellow at the Ewing Marion Kauffman Foundation fills in the gaps of our tensioned blog.
President Obama has taken the United States in short order to the left big government ditch of the road, from the right laissez faire ditch of the Bush Administration. However neither seemed or seems to realize that current American problems really don’t have much to do with the ditches and their current state, but rather the state of the Interstate, highway, road, path, and trail. Relying on fixing the current debt consumerism model is not going to help, no matter how much money is thrown or wasted on the ill-fated attempts.
Entrepreneurial enterprises require a garden in which financial liquidity is timely and sustainable, in a soil in which economic conditions can and will be sustained until such time new wealth can be harvested.
So far the Obama Administration has not even given lip service to this reality. Especially when this is compared to what he has spoken obtusely about Iran’s right to nuclear power. We must note new growth opportunities in nuclear power have been taken off the American agenda, along with domestic oil drilling, clean coal carbon sequestering, and low head small hydro,
Instead he has nationalized the domestic auto industry and will force it to build small cars, thereby eventually cutting new auto sales by 75% from 2007 levels, This while he attempts to institute a bungling bureaucratic bourgeoisie, that will attempt to micromanage, through cap and trade taxation, twentieth century corporate behemoths and dinosaurs. All the while true sustainable energy innovation languishes from deficit and debt burdens which surpass the totality of all human historic development.