Venture capitalists, education and the financially powerless
Saturday, October 16, 2010 at 07:26PM Which is the greatest hope for young people, minorities and women -- a free market where venture capitalists have the confidence to invest or an interventionist government planning economic direction and engineering social justice? Don't say a combination of both, because, as we've seen, the combination doesn't work.
The above groups have depended on the Democrat Party through the methods of statism, but we now see that at least minorities and young people are struggling to find work, and venture capitalists are backing away from investment due to government intervention, because they can't see the future for all the inerventions, possible interventions and unintended consequences.
We all know that education needs to improve, but even young people and minorities with good educations are lost without new start-ups and available jobs created by economic growth. Statism has failed in both education and economic management. A free market is necessary to find the solutions we need for the future. Creative, diverse edcuational offers are better for the financially powerless than a one size fits all public offering.
Venture capitalist money doesn't care about age, gender or color -- it cares about ideas and plans. This is where the financially powerless can gain power, not through the State - there's no need to have millions in the bank to support a business, or the tens of thousands necessary to get started -- all you need is an idea and the right conditions for venture capitalist confidence. These start-ups create jobs, which are also good for young people, women and minorities, because jobs are good for everyone.
M. Farmer
