How can capitalism in the US be made micro-business friendly?
I honestly believe this is one of the most important economic trends that needs our support and focus as national policy.
What do you think?
Make it a federal policy issue, and you hand it to the pols, special interests and bureaucrats. All that will do is strengthen entrenched institutions, the obverse of which is the suppression of small enterprise. Focus instead on getting government out of the way, less intrusive, smaller. That is the only route to enhancing the prospect of microbusiness.
With our current political climate, I do see your point on national policy. But, how else can micro-businesses be supported and promoted?
Effective steps government could take to empower small and microbusiness: cut licensing, regulation, compliance and reporting requirements; reduce taxation; slash subsidies and support for institutional business.
capitalism can never be micro business friendly. If it supports micro businesses, it has to compromise with the ethics of competition; And the ethic of competition is "A business that does not survive in competition is out of the business". The spirit of "creative destruction' would require firms always searching for new products, new methods and new processes. That means, a firm has to substantially spend resources to keep on inventing; that micro enterprises, may not be able to afford. Therefore, Micro-enterprises may not be able to coexist with capitalism.
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