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.
Isn't this what we naysayers kept warning about from 2010-2012 (before the 2012 General Election)?
ReplyDeleteWe were called "haters," "racists," and any other number of names.