Sunday, June 2, 2013

America's "great economic problem"

"What Are We Going To Do About Regulation And Innovation?"

The linked column provokes an idea for a truly useful non-profit: We need an agency that will neutrally assess regulation and legislation to determine whether it operates to entrench the status quo against competition, or not.

UPDATED: Social mobility in America is declining. How much of this is due to law and regulation that entrenches existing businesses and other interests at the expense of upstarts that would challenge the status quo?

1 comment:

  1. This is the kind of stuff you get when idealists write about business.

    Idealists say, "How unfair!"

    Pragmatists say, "I can work around it."

    There's more to business than simply inventing and selling products.

    Jobs? I was a journalist at a daily newspaper. I was operations manager at a major entertainment attraction. I was a consultant to several Fortune 500 companies. I was a VP at a major international bank. During all those years I never wrote a résumé or filled out a job application.

    Can't find a job? Convince a CEO to create one for you by explaining how you will make or save him money.

    Message to entrepreneurs:

    It's a dog-eat-dog world. If you want to run with the big dogs, you can't think and act like a puppy.

    You must learn how to keep track of a lot of things at once. You must learn how to make decisions instantly. You must learn how to create a world-class dog-and-pony show. You must learn how to close deals in one meeting. You can hire people to do the rest of the work.

    - DEC (Jungle Trader)


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