Entrepreneur or Welfare Recipient?

by Joe?Pulcinella

I often commend true entrepreneurs for having the courage to take great personal/financial risks to start a business but?do those on the receiving end of USAID qualify for entrepreneur status?

When Samer Al Jabari started his software development and consulting company in 2002, he had no experience and no customers. He went to the Young Entrepreneurs Association (YEA), established in 1998 to promote entrepreneurship in Jordan and encourage national economic development, to get help in runing his business. USAID has helped build the capacity of the YEA by providing technical assistance, training, and a development grant of more than $415,000.

At what point does this program recognize a bad investment and let it fail so that capital can flow to where it does the most good? My guess would be that since it is a government program and they are risking my money, they would have no way of knowing...let alone care.

Posted 9/21/2004 2:37:08 PM by Joe ?Pulcinella

Murray Rothbard describes what he have as the "welfare/warfare state." Welfare and warfare are indistiguishable in that they are both government programs. When you start to consider unecessary wars as government programs just like welfare, everything fits into place.

Posted 9/22/2004 9:30:29 AM by Joe Pulcinella

Every time a welfare program is "trimmed back", two or more spring up to take its place. War may be the health of the state, but welfare does the job in between wars, and makes war spending more palatable to queasy soft liberals.

Posted 9/21/2004 5:31:22 PM by Vince Daliessio