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A comment on Sputtering Startups Weigh on U.S. Economic Growth. Parent comment

Re:Sputtering Startups Weigh on U.S. Economic Growth by wrong_variable on Monday October 24, 2016 @08:31PM (#12784194)
"Even though these groups provide a disproportionately large economic growth contribution"

No, most of productivity growth in industrialized countries arose from economics of scale from multinationals.

Its the same for China, Germany, South Korea, Japan, Soviet Union ...

Countries do not industrialize due to small business and entrepreneurs - regardless of much the average american likes to think that is true.

[ Parent | on HN ]
Re:Sputtering Startups Weigh on U.S. Economic Growth by cft on Tuesday October 25, 2016 @02:57AM (#12785839)
Very short-sighted thinking. Most multinationals were started by entrepreneurs, some even bear their names: e.g. Boeing, Ford, Dell, Bristol-Myers-Squibb. If you create a start-up unfriendly regime ( like in EU currently), they don't get started. Out of 1000 startups one becomes Boeing and 20 become sustainable medium size businesses that can be discarded for the microeconomic estimates.
[ Parent | on HN ]