Friday, February 16

Entrepreneurship

For Joseph Schumpeter, the reduction in the number of entreprenuers as a result of capitalism's successes would play a part in capitalism's own self-destruction. Capitalism, Schumpter argued, tends to make individuals "rationalize life" and that very rationalization results in a reduction in people's desire (ability) to have kids. Without children, there is less desire for individuals to pursue entrepreneurial activities. This, combined with the ever-aging "rational" population that remains, is likely to culminate in some form of socialism, capitalism's "heir apparent."

Regardless of whether you agree with Schumpeter, the entrepreneur is an important figure. Below is a great presentation from Guy Kawasaki on starting your own business. (I think there is a video flying around the Net with Guy delivering this presentation.)

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