Jeff  Carter

Entrepreneurs solve pain points. On very rare occasions, there are chances for government to actively support entrepreneurship with physical structural support. Usually they can only provide moral, regulatory, tax, or purchasing support. Even then, the accounting demons chalk that up as a loss when it might in fact be an economic gain.

Currently, in cities across America, many segments of the population are hurting. We have a nation with a large amount of unemployed people. We have a lot of skilled labor that is going to lose their unemployment benefits soon. Instead of re-upping and writing out government checks adding to the deficit, why not give them incentives and places to start businesses?

Use the public library system.

Public libraries all over America are moot. It’s wasted real estate in the knowledge economy. We can find practically anything we need on the internet. No one needs a library for research like we used to. Libraries traditionally have been storehouses of knowledge where Americans could improve themselves. Why not repurpose them so America can improve itself again? Andrew Carnegie would wholeheartedly endorse this idea.

This idea capitalizes on a variety of long term trends that are strengthening over time.

America is transitioning to a “gig” economy. Small entrepreneurial businesses can be bootstrapped cheaply. Data and information can be stored in the cloud for as cheap as $40 per month. Niche market opportunities can be filled quickly. Businesses can form, make money, then disband or pivot to the next solvable problem. Many people are becoming consultants that transition from project to project rather than the traditional “company man” job our parents had. The problem many of these people have is that it’s tough to find cheap space for people to meet, or collaborate, to build these businesses. They wind up scattered all over coffee shops.

The public library system can easily be transitioned into an economic engine for entrepreneurs.

Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.