Thursday, October 18, 2012

Video: Global Entrepreneurship Week

The Kauffman Foundation of Entrepreneurship celebrates the "Global Entrepreneurship Week" with the following sketchbook video (unleashingideas.org)

Notable quote from Jonathan Ortmans:
Entrepreneurs might be the force for change in the country, to think beyond just economic change that they can actually make the world a better place.

Globalization of start up communities actually gives the world a much better chance at solving intractable challenges of the decades past…
The world needs more entrepreneurs


The capitalists-entrepreneurs represent as the sine qua non forces of progress of any society 

As the great Professor Ludwig von Mises wrote, 
The economic foundation of this bourgeois system is the market economy in which the consumer is sovereign. The consumer, i.e., everybody, determines by his buying or abstention from buying what should be produced, in what quantity and of what quality. The businessmen are forced by the instrumentality of profit and loss to obey the orders of the consumers. Only those enterprises can flourish that supply in the best possible and cheapest way those commodities and services which the buyers are most anxious to acquire. Those who fail to satisfy the public suffer losses and are finally forced to go out of business.

Unfortunately, the capitalists-entrepreneurs whom are the genuine heroes, has largely unappreciated by the politically brainwashed public, whom have been oriented or trained to see politics as saviors.  

Yet the deepening of the information age may change this, that's because this era will usher in the political economy of entrepreneurship.

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