"There is nothing more unequal than the equal treatment of unequal people." (Aristotle)Exactly that is our problem… Free will, alone can’t restore Inequality of incomes and wealth distribution, which *Directly* dictates who will have the opportunity to try his idea and innovate. It should be the idea quality that should dictate who will have the opportunity to start a business, not his pocket. That’s Meritocracy, our qualities should matter and not our wealth.
95% of our population needs more than 15 years to gather thru savings a mere startup capital of 40.000 euros so what are his chances to start a bussines? How many they will do online bussiness that need this kind of capital? Can we all do the same thing?
So yes, our Democracies have the problem... Our Democracies should counteract what Nouriel Roubini stated in WSJ last August:
"Karl Marx had it right. At some point, Capitalism can destroy itself. You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand. That's what has happened. We thought that markets worked. They're not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else's income and consumption. That's why it's a self-destructive process."
So If we fix that flaw of the system and somehow allow our Democracies to distribute that opportunity, then Capitalism will have the counter balance needed… and the system will naturally balance…
We have to wake up and stop *Pushing* unwilling investors and expect them to innovate, fund entrepreneurship and drive our prosperity, but instead, WE have to risk and allow Democratically, Entrepreneurship to flourish, free from capital barriers using our capital reserves that are available in our Democracies.
Entrepreneurship has the leverage to make it happen.
You would think, "and where we will find the money if not investors aren't in the picture initially?"
Just the Obama Jobs Act and the EU innovation plan are summing to nearly 1 trillion dollars!!!
So money its not an issue... Ok, you will think, "Then what? We will just spend a trillion in subsidies? We will pay everyone to start-up?"
Simple answer... No.-
Today, as Urban Participatory Planning has being invented, the same way Participatory Entrepreneurial Assessment and Funding has being invented:
Beware not Participatory Economy which is utopic, but instead, Participatory Entrepreneurship that can be applied easily to our Democracies and drive our economies back to growth.
So there are no excuses... Let's share this idea and make everyone aware of it... and then challenge our politicians to just apply it...
So let's stop talking and let's start doing... Let's Activate People's Potential.