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.
by Kathryn L Hill 4 years ago
For instance,1. Over-regulation of businesses preventing entrepreneurship.2. Confiscatory and overburdensome taxation causing businesses to flee.3. State control over utilities.4. Government control over the marketplace.5. Government control of media and technology.
by Grace Marguerite Williams 5 years ago
enterprise- capitalist system while many CONSERVATIVES do?
by A Thousand Words 4 years ago
There's no one to step on/take advantage of anymore?Capitalism is defined as:- free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit. Doesn't raise any red flags...
by lauriedickinson 9 years ago
Who is interested in healthcare policy reform?Interested in ideas and professional career options in healthcare policy reform
by Sooner28 5 years ago
http://abcnews.go.com/US/eleven-stores- … b9Q0vmUQ4pThis is what would happen without regulation of business (whether in an anarchist society by exile or completely shutting down something like this), or in a democracy (where the government steps in and regulates). 7-11 was able to run...
by Frank P. Crane 5 years ago
Given ubiquitous & inevitable greed and deception, would you prefer big government or big business?What do you find most threatening? Big corporations operating on greed and deception? Or big government doing the same?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|