{"id":4302,"date":"2010-01-05T21:09:04","date_gmt":"2010-01-05T21:09:04","guid":{"rendered":"http:\/\/euvolution.com\/futurist-transhuman-news-blog\/the-prosperity-problem\/"},"modified":"2010-01-05T21:09:04","modified_gmt":"2010-01-05T21:09:04","slug":"the-prosperity-problem","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/freedom\/the-prosperity-problem.php","title":{"rendered":"The Prosperity Problem"},"content":{"rendered":"<p>(From the preface of <a href=\"http:\/\/www.generativitysolution.com\/\" title=\"Generativity Solution website\" target=\"_blank\"><em>Saving America: The Generativity Solution<\/em><\/a>.)<\/p>\n<p>As I walked past my TV on the way to work, I saw our President addressing the White House Job Summit:<\/p>\n<blockquote>\n<p><em>&#8220;&#8230;if there are things that we\u2019re doing here in Washington that are inhibiting you, then we want to know about it.&#8221;<\/em><\/p>\n<\/blockquote>\n<p>It is in the air! Not just our inability to create jobs! Not only the limits on our technological innovation! Not only the attenuation of our artificially-inflated Gross Domestic Product!<\/p>\n<p>All of these problems are related to the relationship between economic freedom and entrepreneurial enterprise! Here is how it works:<\/p>\n<blockquote>\n<p><em>Under conditions of elevated economic freedom, entrepreneurs and their companies generate the technological innovation that requires job creation and contributes to escalating levels of prosperity.<\/em><\/p>\n<\/blockquote>\n<p>Noticeably absent from all explorations of &#8220;The Prosperity Problem&#8221; were representatives of the historic role of entrepreneurial enterprise in the generation of all prosperity. Here is how the economy and the entrepreneur work synergistically together:<\/p>\n<blockquote>\n<p><em>The more economic freedom we give the entrepreneurs, the more they contribute to technological innovation, new job creation and, ultimately, Gross Domestic Product (GDP).<\/em><\/p>\n<\/blockquote>\n<p>Under conditions of elevated economic freedom, then:<\/p>\n<ul>\n<li>Entrepreneurial enterprise generates as much as 80% of the scientific breakthroughs and technological innovations.<\/li>\n<li>Entrepreneurial enterprise generates as much as 80% of the new jobs in implementing the follow-throughs on the technological innovations.<\/li>\n<\/ul>\n<p>Indeed, the strongest case can be made for entrepreneurial enterprise as the driving engine of the American economy. Under conditions of elevated economic freedom, then:<\/p>\n<ul>\n<li>Entrepreneurial enterprise generates as much as 50% of America&#8217;s GDP.<\/li>\n<\/ul>\n<p>To be sure, an overwhelming case can be made for the prepotency of entrepreneurial enterprise over all other sources of economic growth:<\/p>\n<ul>\n<li>Entrepreneurial enterprise dwarfs the contributions of all governmental sources, including the presidency, congress, and the federal sector that they manage.<\/li>\n<\/ul>\n<p>Yet these entrepreneurial businesses are exploited by the multinational corporations which track them and trap them, &#8220;making them offers they can&#8217;t refuse.&#8221;<\/p>\n<p>Moreover, the entrepreneurs are passed over by the bureaucratic czars of the public sector who favor &#8220;sole-source contracts&#8221; with &#8220;soul-less contacts, giving orders they can&#8217;t follow.&#8221;<\/p>\n<p>To be sure, not all entrepreneurs are generative, capable of creating scientific &#8220;break-throughs&#8221; and innovative technologies. By our estimates, no more than one in 100 entrepreneurs are currently generative; therefore somewhere around 50,000 people out of five million small businesses qualify as &#8220;generative entrepreneurs.&#8221; In business, they may be labeled as &#8220;process engineers,&#8221; capable of designing themselves and others out of their jobs. In government, they may be characterized as &#8220;social engineers,&#8221; capable of defining spaces and empowering people to fill them.<\/p>\n<p>The point is this: the other 99 of us live, learn, and work in the &#8220;draft&#8221; of their sciences, empowered by the tools of their technologies, prospering through their intelligence, their perspectives, and their good will.<\/p>\n<p align=\"right\">RRC<br \/>\nJanuary 2010<br \/>\nMcLean, Virginia<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(From the preface of Saving America: The Generativity Solution.) As I walked past my TV on the way to work, I saw our President addressing the White House Job Summit: &#8220;&#8230;if there are things that we\u2019re doing here in Washington &hellip; <a href=\"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/freedom\/the-prosperity-problem.php\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-4302","post","type-post","status-publish","format-standard","hentry","category-freedom"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/4302"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=4302"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/4302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=4302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=4302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=4302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}