Re:Parents' income, not smarts, key to entrepreneurship
by Aunche on Thursday January 28, 2021 @01:11PM
(#25946124)
In that case, you would except a lot more entrepreneurs from Saudi Arabia. Instead, you have a bunch of freeloaders who outsource their work to foreigners. They started a UBI program a few years ago. Before that, they had a jobs program that essentially functioned as UBI, since it was nearly impossible to fire a Saudi citizen.
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Re:Parents' income, not smarts, key to entrepreneurship
by AZRS on Thursday January 28, 2021 @01:33PM
(#25946566)
Not really, it can be multi factor, with a set of minimum values in several metrics being required before parental wealth becomes the dominant factor.
To be glib, some people leave millions to their cats but I don't see any entrepreneur kittens.....
That is, the baseline genetic, cultural, and environmental potential for entrepreneurship probably needs to be in place before familial wealth becomes so important.
Given that Saudi Arabia has entirely different ethnic groups, with an extremely different culture, and a very different climate and business environment, I am not surprised at all that the principle factor in north American derived populations entrepreneurship isn't that in the Saudi Arabian population.