Entrepreneurs: Leading the Way Out

Leading the Way Out

An Op/Ed By Greg Pesci

Entrepreneurs, free to pursue their economic dreams, built America! They are, and always have been, its creators of jobs, growth, and wealth.

In 1831, Alexis de Tocqueville wrote in Democracy in America:

"It may be said that, in the United States, there is no limit to the inventiveness of man to discover the ways of increasing wealth and to satisfy the public’s needs." He continued, "the primary reason for [America’s] rapid progress, their strength and greatness is their bold approach to industrial undertakings." What impressed De Tocqueville most about business in America was "not so much the marvelous grandeur of some undertaking as the innumerable multitude of small ones."

Data from the Census Bureau (Business Dynamics Statistics) demonstrate that since 1977 American entrepreneurs in firms less than five years old have been responsible for literally all the net job creation in this country. For more than 30 years, new companies have led job creation in America. Recently, Carl J. Schramm of the Kauffman Foundation stated, "new and young companies and the entrepreneurs that create them are the engines of job creation and eventual recovery." With 9.8 percent unemployment, if we want to create jobs in America we need to free up entrepreneurs and not burden them with increased taxes or regulation.

Especially encouraging during these hard times is evidence that past recessions have not prevented entrepreneurs from founding companies and creating jobs. Since 1977, America has averaged roughly 600,000 new firms formed each year. Through good times and bad, that number has remained fairly constant. Even more encouraging for today’s entrepreneurs is the fact that half of today’s Fortune 500 companies were founded in a recession or bear market.

In the 1970s, conventional wisdom said that America’s time as a vibrant, innovative economy had passed. We experienced Vietnam, Watergate, high interest rates, high unemployment, and double-digit inflation. We were told ours was a future of scarcity and sacrifice, and that what we really needed was increased government control and higher taxes (sound familiar?). President Carter presided over a period of general "malaise."

Yet, in the midst of this "malaise," a different future was being created. Entrepreneurs in the private sector were busy founding new companies and innovating. These entrepreneurs had the faith and guts to take action and pursue their dreams. Their innovations were a powerful force for leading America out of the malaise and into economic growth. Maybe you have heard of a few of the companies founded during this period when supposedly America’s best days had passed: Apple; FedEx; Microsoft; and Southwest Airlines. The efforts of these entrepreneurs have stood the test of time. All four of these companies were listed on Fortune’s 2009 List of the 10 Most Admired Companies in the world.

The efforts of today’s entrepreneurs hold the same promise for America’s future. They are not looking to the government to create jobs or waiting for others to do so. They are out there, by the hundreds of thousands, creating jobs for themselves and others. These Americans are generating the innovations that will refresh and renew our economy. A future "Google" is being created right now.

Following are just two of the reasons I believe this to be true. First, entrepreneurship is not just for the young. This is an important fact for an aging America. A Kauffman Foundation report states that the average age of U.S.-born tech company founders is 39 years old. More than twice as many founders were older than fifty than were younger than twenty-five. Between 1996 and 2008, more people between the ages of fifty-five and sixty-four started businesses than did people between the ages of twenty and thirty-four. These "seasoned" entrepreneurs bring considerable life experience and wisdom to the tasks of innovating and starting new businesses that create jobs.

Second, despite the sometimes politically charged discussions surrounding it today, history demonstrates that immigration has fostered entrepreneurship in America. If we can settle on a reasonable and enforceable immigration policy, it can continue to do so into the future. Many of the world’s best and brightest still want to come here and we should welcome them. Immigrants are much more likely to work as entrepreneurs, creating small businesses and associated jobs. In every census from 1880 to 1990, immigrants were more likely to be self-employed than natives. And they are starting a disproportionate number of high tech, science-driven companies. A recent study from Duke and UC Berkeley found that 52% of engineering and technology startup companies founded from 1995 to 2005 in Silicon Valley had one or more immigrants as a key founder. These new immigrants remind us of what is so great about this country, and why our ancestors came here.

Perhaps President Reagan best described how entrepreneurs can lead this country to a better day:

Entrepreneurs have always been leaders in America. They led the rebellion against excessive taxation and regulation. They and their offspring pushed back the frontier, transforming the wilderness into a land of plenty. Their knowledge and contributions have sustained us in wartime, [and] brought us out of recessions... Governments reduce deficits by controlling spending and stimulating new wealth, wealth from investments of brave people with hope for the future, trust in their fellow man, and faith in God.

Entrepreneurs will lead the way out. Bring on the entrepreneurs!

A shocking new report by The Daily Wire reveals that the furious father whose arrest at a school board meeting likely sparked the call for the FBI to investigate anti-CRT parents like domestic terrorists was furious for good reasons: The Loudoun County School Board allegedly tried to cover up his daughter's rape.

Rep. Chris Stewart (R-Utah) joined Glenn Beck on the radio program Tuesday to discuss the incident and explain why he joined 60 lawmakers in a letter to Attorney General Merrick Garland demanding answers for why the FBI is targeting parents.

"We want to know ... what kind of coordination took place between the White House, activist groups and teachers unions, and the Department of Justice," Stewart told Glenn. "Because we have evidence that there was [coordination] and, in fact, that the White House are the ones who initiated this. They asked for these activist groups to write this inflammatory letter to the Department of Justice saying they were 'intimidated' and that they 'felt threatened', giving the Department of Justice Attorney General Garland, the excuse to say, 'Okay, well, we have to respond'."

Stewart went on to say he believes the federal government would only involve the FBI in such an issue if its purpose is to silence and intimidate parents concerned about the "poison" being taught to their kids in school. So, what can he and the other representatives who disagree with the Biden administration's overreach of power do to stop it?

Watch the video clip below to hear Stewart explain:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Taiwan's Foreign Minister Joseph Wu is now warning that his nation is preparing for war with China after Beijing flew a record number of warplanes over Taiwanese territory. Wu reached out to another country for help, but it wasn't the United States.

In a video, Wu urged Australia to help prepare for a possible invasion, but gave the U.S. no mention.

"The defense of Taiwan is in our own hands, and we are absolutely committed to that. And if China is going to launch a war against Taiwan, we will fight until the end. And that is our commitment. And, of course, during this period of time, we would like to exchange with other countries for security cooperation," Wu said on ABC News In-depth's China Tonight program. "We would like to engage in security or intelligence exchanges with other like-minded partners, Australia included, so that Taiwan is better prepared to deal with the war situation. And so far, our relations with Australia is very good. And that is what we appreciate it for."

On "The Glenn Beck Program," Glenn, Pat Gray, and Stu Burguiere discussed whether or not America would do anything during such a conflict — because it sure seems like President Joe Biden is more focused on working with China to fight climate change. Plus, why did China just cut off all cryptocurrency?

Watch the video clip below to catch the conversation:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On "Glenn TV" tonight, Glenn Beck heads to the chalkboard to reveal how the fundamental transformation of America has already begun by turning the Declaration of Independence upside down.

If Donald Trump was a dictator, then what do we call President Biden? In Biden's first nine months in office, he has already issued 64 executive orders – that's more than Trump, Obama, W. Bush, Clinton, Bush, and Reagan each issued in their entire first years in office.

You never hear the Left talk about the Declaration of Independence, the Constitution, or the Bill of Rights any more, unless it's to "reimagine" the Constitution or slap a "harmful content" warning on our founding documents. Seriously. The National Archives said while its website label wasn't targeting the Constitution specifically, "some of the materials presented here may reflect outdated, biased, offensive, and possibly violent views and opinions." The Left finds basic, guaranteed rights so offensive they now spend all of their time on workarounds to deal with America's annoying founding documents.

Watch the full episode of "Glenn TV" below to see Glenn outline the aggressive unconstitutional abuses "King Biden" is jamming down our throats and teaches Americans how we can defend against presidential tyranny.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

On the "Glenn Beck Radio Program," Glenn explained why he wouldn't be surprised to see our supply chain collapse and empty shelves in America in the near future. Shortages are already wrecking our economy, China (where many of our goods are still made) is facing an energy shortage, and the Biden administration sure seems to be doing everything it can to make things worse.

Glenn noted a serious warning from American CEO Mike Beckham: "There's a major storm brewing in the supply chain," Beckham wrote on Twitter.

Thanks to China's centrally planned system, electricity shortages are causing huge delays in product manufacturing. In fact, some items are facing a 33 percent cut in production. "It could dramatically impact every [American's] life next year. But almost no one knows about it yet," Beckham warned.

Glenn went on to explain exactly what this means for you — and what you can do to prepare.

Watch the video clip below to hear Glenn break it down:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.