Specific Solutions that Only Entrepreneurs Can Provide
This is part 4 of a 5-part article.
Read Part 1 Here
Read Part 2 Here
Read Part 3 Here
The Right Level of Complexity
The main criticism of simple societies is that they are often intolerant, controlling, and narrow-minded. This is an accurate and good criticism, and such simple societies are not the ideal.
Indeed, Madison shows the negatives of such societies in Federalist Papers eighteen through twenty.
He proposes that by establishing a large nation and a free constitution we can simultaneously establish both an open, modern, and progressive society and a free, prosperous, and happy nation.
Fortunately, we are not forced to choose between a stupidly simple nation and an overly complex one.
The ideal is a nation sufficiently complex to promote progress, toleration, cooperation, and growth and one with enough simple common sense to achieve freedom, prosperity, and opportunity.
This is the traditional entrepreneurial mix.
Whereas mercantilism values a few cosmopolitan elites employing a mass of less urbane managers and workers, in contrast the entrepreneurial challenge has always been to balance complex and intricate details with simple and effective systems and results.
In short, we need more entrepreneurs running more small, medium and large institutions in society.
Lifestyles of the Rich & Famous
The success of the next few decades will depend on certain types of people with certain skills and abilities.
The talents and habits of “The Company Man” came into vogue in the 1950s and helped create a society of professionals, experts and officials. This greatly benefited the final half-decade (1955-2005) of the Industrial Age surge.
But as the Information Age moved past infancy (1964-1991) and began its rebellious growth to adulthood (1992-2008), many became aware that change was ahead.
As the Information Age grasps maturity and takes over in the 2010s and 2020s, major alterations in society are inevitable.
The Company Man is now replaced by what David Brooks called Patio Man: Individualists who want personal freedom, enough income to pay the bills plus some extra spending money, a government that provides national security and keeps jobs plentiful, a nice house, a nice car each for him and her, a grill, a good movie tonight and friends over for the big game on Sunday.
At first, this was paid for by one working parent, then by both.
But unless something changes, this lifestyle is at an end for all but the wealthiest tenth of the population.
The thing which facilitated such a lifestyle in the first place was the prosperity generated by entrepreneurship, and the only thing that can maintain such a lifestyle and still pay off our society’s debts and obligations is a drastic increase in the number of entrepreneurs.
Period.
To be continued…
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Oliver DeMille is the founder and former president of George Wythe University, a co-founder of the Center for Social Leadership, and a co-creator of TJEd Online.
He is the author of A Thomas Jefferson Education: Teaching a Generation of Leaders for the 21st Century, and The Coming Aristocracy: Education & the Future of Freedom.
Oliver is dedicated to promoting freedom through leadership education. He and his wife Rachel are raising their eight children in Cedar City, Utah.
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I am enjoying this series! Very informative. Makes a lot of sense and I think the benefits of a nation full of small business owners can be something that liberals can agree with. (Due to their frustration with large corporations)
Big business is just as bad as big government and the role of govt should be to make it easier for people to get in the marketplace and public schools should teach more entrepreneurial principles.