Monopoly Capitalism Watch

Did Reagan Kill Entrepreneurialism? Yes, He Did…


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From THOM HARTMANN

[What to do? Undo Reaganomics. Restore and enforce Sherman Anti-Trust Act. Pass Single-Payer Health Care. Wipe out all outstanding student loan debt, and make a public college education free in America for every student who is eligible.]

American entrepreneurialism is dying a slow and steady death. A new report out from The Brookings Institute paints a pretty dreary picture of entrepreneurialism in America over the past 30 years. As Brookings points out, the firm entry and exit rates (essentially the creation and death of businesses in America), a good measure of the vitality of entrepreneurship, decreased by nearly 50% percent between 1978 and 2011.

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