Last week, I wrote that in order to save our economy and culture we need more entrepreneurs to emulate Ayn Rand’s fictional hero in Atlas Shrugged, John Galt . Certainly, emulating Galt is a challenge as he is a fictional hero who seems larger-than-life. But it is hardly an impossible feat; the late...
Wot: "Believe it or not, people invest other people's money every day in the public and private sectors." The government doesn't "invest" it spends our money on R&D, defense etc according to our wishes. The granting system in science is highly competitive. Although we invest in his/her work, it's not reckless like Solyndra. A scientist may get a $1-5 million grant lasting 3-5 years, then he/she has to apply again. No one gets $500million dollars, as Solyndra did, before they've proven they can produce something. Not in the private sector or public.
Entrepreneurs must take action. Now. And by ‘action,’ I mean protesting the federal government’s unconstitutional taxes and regulations. Or, the guilt is theirs if the economy tanks. Luckily, entrepreneurs have two role models to help them develop action plans: John Galt and Steve Jobs.
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