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Many of the technologies underlying the Information Age are being spearheaded by U.S. small business and its entrepreneurial culture. Certainly, from the huge consumer electronics firms in Japan to software development businesses in India, the rest of the world participates and competes.
In Antarctica an exceptionally aware person would not have to go through the degradation of being compelled to reinforce the rules and procedures of a business or organization in order to have the income derived from a job. No professional, entrepreneurial, or common slaves would exist here.
They assume real, though informal, control of the firm. They do so by defining a new set of strategic goals for the firm, which call for the institution of an entrepreneurial rather than a bureaucratic type of management. These cycles of initiative-consolidation-new initiative-revolution-consolidation are the dynamos of company growth. Growth leads to maximization of value.
Second, the combination of American technical know-how, the luxury of the best technically educated and trained society in the world, and the entrepreneurial spirit of our system offers vast potential if we are clever enough to exploit this extraordinary resource.
At the heart of our efforts is one idea vindicated by 25 straight months of economic growth: Freedom and incentives unleash the drive and entrepreneurial genius that are the core of human progress. We have begun to increase the rewards for work, savings, and investment; reduce the increase in the cost and size of government and its interference in people's lives.
There were still people in Clyde who remembered the frontier, and like America itself, the town lived by a mixture of diluted Calvinism and a strong belief in "progress," Young Sherwood, known as "Jobby" the boy always ready to work showed the kind of entrepreneurial spirit that Clyde respected: folks expected him to become a "go-getter," And for a time he did.
A significant element supporting this explosion in applied information and other technologies is the American free enterprise system and its entrepreneurial character. This drive is needed to translate this technology into military hardware. The nature of the U.S. market and its competitive basis reinforce this element.
At the same time that the Bosnia operation is underway, the fundamental changes occurring at home and abroad must be addressed. The industrial and technical base of the United States is changing profoundly. The entrepreneurial and technical advantages of the American economy were never greater and it is small business that is creating virtually all new jobs and employment opportunities.
The match of the entrepreneurial individual with the potential of the technology base is key. Optimizing and integrating all elements into a total system is a certain way to exploit the opportunity that we can perceive becoming more visible in the coming years. Shock and Awe
In most countries of the world, there is no entrepreneurial and thriving private sector and the economy is at the mercy of external shocks and fickle business cycles. Only the state can counter these economically detrimental vicissitudes. Often, the sole engine of growth and the exclusive automatic stabilizer is public spending. Not all types of public expenditures have the desired effect.
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