Ireland | Europe | Germany | strokes | heart attacks
Growth Generation
by
Barry LynnA whole industry now thrives on telling Europeans how to make their
economies more American. Functionaries by the hundreds gather to
compare PowerPoint presentations studded with charts showing how
long creditors can make claims against a bankrupt's assets (12
years in
Ireland versus 1 year in the States), how many
"incubators" Americans have created to nurture startups (more than
three times the total for all of Europe), and how much easier it is
to incorporate and fully register a new company on the other side
of the Atlantic (one week at most in the States versus one-half
year in Germany).
All of which, as any veteran of an American startup will attest, is
beside the point. And what is that point? From the American
perspective, what should the European entrepreneurial tyro learn?
Screaming lust for money and fame and your picture on the cover of
Forbes, perhaps? A strategy to roll out the concept, roll up the
competition, roll over whomever is left, then let it roll and roll
and roll until you roll away with the dough, and the highways of
the world are lined end to end with Cracker Barrels and Home
Depots?
When Europeans study American economic growth, they see pretty,
upward-ticking graphs, not what lies behind them: legions of
businesspeople making payday out of their wallets, or with cash
advances off their credit cards, or with the money set aside for
Jun-ior's braces. Weeks defined by 90 hours of work and 12,000
miles in the air and eating pizza for dinner six times in a row.
Strokes,
heart attacks, carotid arteries bulging under unbuttoned
collars - and entrepreneurs chanting over and over and over again,
"They never told me this in business school."
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