This was a very interesting session. Kauffman fellows and experts from other organizations such as Stanford University shared their views.
Of particular interest to me was by Robert E.Litan.
Robert is the VP for Research & Policy at the Kauffman Foundation and co-authored the book "Good Capitalism, Bad Capitalism" with Carl Schramm and William Baumal _ a professor of Entrepreneurship at Berkely Centre for Entrepreneurial Studies.
What Robert had to say about the economy was gripping. He said the crisis is like a "huge forest fire. The stimulus packages are like spraying water and trying to douse the fire"
However, he says we cannot spend our way to prosperity. Its time for policymakers to really look hard and make some difficut decisions.
When everything is being destroyed by the forest fire, new plants have to be quickly grown. And these new plants are entrepreneurs.
Governments should make it extremely easy for people to become entrepreneurs. Employment laws should change and not make it difficult for employers to fire employees. He says, employers don't hire when its difficult to fire. Employees should be allowed to move freely. He says tax laws should be reviewed and not confiscate wealth from start-up entrepreneurs.
It was a notion shattering talk by Robert.
The others were no less impressive.
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