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October 26, 2004
Is Socialism Winning the Race?? Not So Fast!!
National Dialogue on Entrepreneurship reports on a study by the World Economic Forum that seems to have found that socialism is winning out on global competitiveness.
"Which nations are the world's most competitive? If you picked the high-tax, heavily regulated economies of Scandinavia, you'd be right. The latest study from the World Economic Forum, The Global Competitiveness Report 2004-2005."
But wait. Not so fast! The devil, it appears, is in the details. One of the major categories that is used to measure "global competitiveness" includes a whole array of measures that relate to the size of government in that country. It seems that the World Economic Forum is a big fan of socialism and international control of sovereign nations.
Their logic? Only countries that have a large centralized government can be competitive. Why?
"To remain prosperous, the industrialized world must make a serious commitment to addressing poverty - of both resources and opportunity - throughout society. The private sector is a major force in this endeavor, particularly via the wealth it creates through its activities, its problem-solving capability and by delivering ways to ensure that business practices are environmentally sustainable and corporate governance systems are responsible."
So competitiveness is defined in large part by government transferring the wealth created by entrepreneurs to help support a large socialistic state. Hmmmm....no wonder the Scandinavians where on top of this list. I bet if they use the same methodology on the US states, California and Minnesota might finally move up from the bottom of entrepreneurial climate rankings.
Posted October 26, 2004 05:09 AM
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at Belmont University in Nashville, Tennessee. He consults with a variety of businesses on start-up and growth related issues, and with larger corporations on re-establishing entrepreneurial cultures within their organizations. Dr. Cornwall's current research interests include entrepreneurial finance and entrepreneurial ethics. He has authored or co-authored four books.
