We should crowdsource a list of all the potential reasons the United States has become less innovative. I'll start: - Weaker patent protection - No existential threat to incentivize innovation (USSR) - Falling testosterone - Social media changing incentives
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- Overfinancialization of our economy (hedge funders make more money than inventors and engineers) - We've found all the good ideas already - Manufacturing has left the United States What else????
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Replying to @Molson_Hart
-WalMart. my parents are entrepreneurs - I think large part of why I’m self employed is because i saw that behavior modeled. Walmart’s narrative is a stereotype at this point..but it did put countless thousands of small town mom and pops out of biz...
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Replying to @RayZHanson
I don't get it. Entrepreneurship fell because everyone saw that Walmart just steam-rolled everybody?
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Replying to @Molson_Hart
If you grew up in a smaller US town in the 90s and your experience age 10-18 with small biz was watching 50% of them go out of biz, guessing it makes ya more risk adverse.
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I grew up in a town of 50k. My dad was a medical devices entrepreneur so we were out of the retail space. I see your point now. Thanks for the clarification.
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