Did You Know? The USA has one of the lowest rates of self-employed?

Everyone should read Cambridge University's Professor Ha-Joon Chang's "23 Things They Don't Tell You About Capitalism". A proponent of greater government intervention in markets, Professor Chang reveals some of capitalism's hidden secrets (most of which have been revealed over the last couple of years, so they're not really that hidden). In one chapter he highlights the failure of entrepreneurship as an engine of growth in developing countries.

It is interesting to see entrepreneurship levels across the world (as measured by self-employment) and it certainly explodes a few myths about entrepreneurship in the U.S., who lag the world (including the French!). You might recall The Great Dubya's comment that the French lacked a word for entrepreneurship! It appears the Americans do as well!

We'll finish with a quote from The Great One:

"And so one of my jobs is to make sure that entrepreneurial spirit is strong and alive in America, that it continues to flourish so that the great American dream of owning your own business is vibrant and alive and well and when we go into the 21st century."

That would be a FAIL then? Don't worry Rick will sort it out!!

 
Source: OECD Factbook 2010