In his book Zero to One, my friend and former colleague Peter Thiel lays out an ingenious, provocative, and highly entertaining argument regarding the virtues of monopoly and the shortcomings of competition. He makes his case so deftly that I suspect it will soon attain the implacable majesty of conventional wisdom. That would be a shame.While Zero to One offers a revelatory perspective on the nature of entrepreneurship, it also downplays the defining characteristic of our era. We’re in the mids
When the new industrial working class began to organize, governments defused the threat of revolution from below by expanding political and social rights, regulating markets, erecting a welfare state, and smoothing the ups and downs of the macroeconomy. Today’s technological revolutions call for a similarly comprehensive reinvention.
High rates of new business creation are the sign of a dynamic economy in which barriers to entrepreneurship are low. However, according to a new Entrepreneurship Policy Digest released today by the Kauffman Foundation, increasing licensing regulations in certain professions have the effect of building barriers to innovations and opening new businesses.
There is often lots of talk in American politics about the “real America.” Suffice it to say, implicit in that is that everyone wants to be real and so even an assertion to the contrary is an insult. Truth…
Like the cultural and professional shifts that arose from white collar, blue collar, and pink collared workers, we are now in the era of the “uncollared worker.” The rise of this new uncollared workforce will fundamentally and permanently change the future of work. While some have argued that this shift amounts to little [...]
This may sound odd, but the United States needs a revival in entrepreneurship. Venture capital funding is at levels not seen since the dot-com bubble, and angel investment has grown strongly as well....
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