Skip to comments.U.S. businesses are being destroyed faster than they’re being created
Posted on 05/06/2014 6:58:59 PM PDT by 2ndDivisionVet
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.
The authors don't mince words about the stakes here: If the decline persists, "it implies a continuation of slow growth for the indefinite future." This lack of economic dynamism, particularly the steep drop since 2006, may be one reason why our current recovery has felt like much less than a recovery. As Matt O'Brien noted on Wonkblog last week, annual job growth rates have stubbornly refused to budge above 2 percent for the duration of the recovery.
The authors of the Brookings study dug beyond the national numbers to look at the change in new firms at the state and metro levels and found that they generally mirrored the national trends....
(Excerpt) Read more at washingtonpost.com ...
The libs’ own Brookings Institution has to admit the truth now. I can almost hear the sound of brains melting.
"That's the rumor."
That’s exactly what the communists were working for. His Arrogance and crew are striving for the destruction of the US.
I kinda find it hard to believe that entrepreneurship was on the decline through the 90’s.
So, I guess it’s all going according to plan.
An with our new Global Weather Changes Catastrophically meme, the green line will go to zero and the red line will peak until only crony capitalists are left.
Gee, there is a shock. Thanks Dear Leader Obama...
Small businesses is where it all begins. You kill SB and you kill one of the biggest factors that made the U.S the superpower it once was. You can’t start out as big business and become sucessful unless you already have access to gobs of capital and experience in the field of endeavor or personnel that does....and the U.S. needs big and small business alike to keep people employed and the wheels of commerce flowing. Sorry socialism kills incentive to succeed, causes society to erode, and makes everyone poor except the top of the food chain. Cloward-Piven is just the means to kill a society; there are no positive aspects to it unless you are at the top of the heap.
I recently read a story about a woman who wanted to open an ice cream parlor in a mall. I believe it was in California, but I’m not sure.
Anyway, she had a lease for the space, and had employees lined up and ready to go. All she needed was permission from the various government agencies to open her shop.
She has been waiting for permission for more than a year!
Anyone who goes that route anymore is a well-intentioned fool. You will be regulated and taxed out of business. Better to open a business where your factories are all overseas. At least then you’ve got a chance.
Yet voters keep returning the same communists and inept clowns to DC. Its a curiosity.
It is all intentional, to destroy the great American dream and reduce America to what Obama recognizes and rationalizes his world perspective from.... Kenya and Indonesia.
This is the power of a foreigner in our most highest office.
That muslim is the furthest thing away from being an American!
(Muslim- marxist- indonesian- ill bred - uneducated- mis informed - uncivilized - culturally alien...pos)
Time for a new movie -
Death of the American Dream, starring Barry Soetaro AKA the great Ghazi, Hussein Obama.
The fact that this woman even needed “permission” to open an ice cream parlor is disturbing in and of itself.
It’s all working according to plan.
“Isn’t the only hope for the planet that the industrialized
civilizations collapse? Isn’t it our responsibility to bring
that about?” Maurice Strong, Head of the 1992 Earth Summit in
Rio [where he introduced the “Plan for the 21st Century” - Agenda 21/ Sustainable Development and at that point we joind the “Club for Degrowth”
The sign on the door on the last day will be:
there are many factors that are part of this, not one alone
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.