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Though I find his point intriguing about corporate America entrenching itself, the graphs he has chosen to represent it are a bit misrepresented - most notably, the graph about startup failure rate. I disagree that the rate of failure in startups has risen significantly in the last 20 years - he cherry picked his data point from 1991 to 2011. The first fifteen years of that interval remain almost entirely flat. The spike in the last three are easily explainable as part of the housing bubble bursting that sent a bunch of businesses in the US to the deadpool. Conversely, the declines in new businesses in the early 80s and late 00s can be easily attributed to spikes in the price of oil and the housing bubble bursting. The rate seems pretty solid at about 10 percent before that.

I find the evidence he presents inconclusive at best. If anything, I find it encouraging - no huge sea changes in the ability to start a business in the US over the last 30 years, except for macroeconomic factors.




Agreed, on that particular chart at the 2010 point there was actually an increase going forward after the 2007-2008 drop.




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