PLEDGE NOW
Beyond Silicon Valley, Declining Entrepreneurship

TV’s celebrating Silicon Valley startups, but across the country entrepreneurs are now struggling behind bigger, older businesses. We’ll ask why.

In this Thursday, May 1, 2014 photo, Lou Tashash, owner and president of R-D Manufacturing Inc., left, watches break operator Scott Finlayson work at his precision sheet manufacturing business in East Lyme, Conn. (AP)

In this Thursday, May 1, 2014 photo, Lou Tashash, owner and president of R-D Manufacturing Inc., left, watches break operator Scott Finlayson work at his precision sheet manufacturing business in East Lyme, Conn. (AP)

The pride of the American economy from early days was the idea that anyone could jump in, start their own business and make things happen.  And for a long time, American entrepreneurship drove the US economy and American dreams.  It still does in Silicon Valley and other hot spots.  But nationally, the numbers are down.  American entrepreneurship is sagging.  That’s bad for innovation, for jobs, for dreams.  Is it red tape gumming up the works?  Is it giant companies – Wal-Mart etc. – blocking the way? This hour On Point:  American entrepreneurship in decline.  We’ll ask why.

– Tom Ashbrook

Guests

Danielle Kurtzleben, economics and business corespondent for Vox. (@titonka)

Ray Hennessey, editorial director of Entrepreneur.com. (@Hennesseyedit)

Nancy Koehn, historian and professor business administration at the Harvard Business School. (@nancykoehn)

Lina Khan, policy analyst in the Markets, Enterprise and Resiliency Initiative at the New America Foundation. (@linamkhan)

From Tom’s Reading List

Brookings: Declining Business Dynamism in the United States: A Look at States and Metros — “We show that dynamism has declined in all fifty states and in all but a handful of the more than three hundred and sixty U.S. metropolitan areas during the last three decades. Moreover, the performance of business dynamism across the states and metros has become increasingly similar over time. In other words, the national decline in business dynamism has been a widely shared experience.”

The Atlantic: The Mysterious Death of Entrepreneurship in America – “The story of American entrepreneurship begins with a tale of two definitions ofentrepreneur. When the press imagines the modern entrepreneur, our minds turn to tech—coders, hackers, hoodies, apps, Silicon Valley (the show), Silicon Valley (the valley). And it’s true: This sliver of entrepreneurship has grown, by all sorts of measures, for example by venture-capital funding:”

Entrepreneur: Why Americans Don’t Want to Start New Businesses — “If you truly believe in more jobs, in better wages and broader prosperity, you need Americans to innovate, to take risks, and put their capital at work to create new businesses. You should be rooting for their success, since the more money they make, the more profits they have to reinvest in their businesses. That reinvestment invariably creates jobs, which creates wealth for others.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Aug 28, 2015
WDBJ-TV7 meteorologist Leo Hirsbrunner, right, wipes his eyes during the early morning newscast as anchors Kimberly McBroom, center, and guest anchor Steve Grant deliver the news at the station in Roanoke, Va., Thursday, Aug. 27, 2015. Reporter Alison Parker and cameraman Adam Ward were killed during a live broadcast Wednesday, while on assignment in Moneta. (AP Photo/Steve Helber)

A deadly shooting on live TV. Wall Street’s roller coaster ride. Biden considers a White House bid. 10 years since Katrina.

Aug 28, 2015
Lightning first ignited the Meadow fire on July 20, 2014 in Yosemite. By September 8, the fire had charred 2,582 acres. Bernie Krause has recorded soundscapes of national parks destroyed by large areas of forest fires. Listen below.  (National Park Service)

A legendary natural sound collector shares his recordings. We’ll listen in.

RECENT
SHOWS
Aug 27, 2015
Amy Seek's memoir is "God and Jetfire: Confessions of a Birth Mother"

Open adoption. How one birth mother gave up her child for adoption and stayed in his life.

 
Aug 27, 2015
The slow-going struggle for mental health parity (Getty Images)

Insurance companies are required by law to cover mental health the same as physical health. So why don’t they?

On Point Blog
On Point Blog
Our Week In The Web: August 21, 2015
Friday, Aug 21, 2015

Do you even click? (And other reflections on link sharing and web commenting).

More »
6 Comments
 
Do You Recognize Amazon’s Workplace Culture? Tell Us!
Tuesday, Aug 18, 2015

Do you recognize the workplace conditions described in a recent New York Times piece on Amazon? We want to hear from you!

More »
5 Comments
 
Our Week In The Web: August 14, 2015
Friday, Aug 14, 2015

Butter cows in Iowa, internal site redesign in Boston. It sure feels like a Friday around here.

More »
3 Comments