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!

Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


Watch the full special on BlazeTV YouTube here.

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

It took less than two months of the coronavirus tyranny to make America unrecognizable. Leaders from state and local governments across the U.S. have flattened the curve of some of our most basic constitutional rights, but some Americans are fighting back — and risking jail time or losing their businesses.

On Wednesday night's GBTV special, Glenn Beck argued that we're witnessing the birth of a new civil rights movement — and it's time to build a coalition of common sense to keep America as we know it free.

Watch the full special below:

Use code GLENN to save $10 on one year of BlazeTV.

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

On the radio program Thursday, Glenn Beck sat down with chief researcher Jason Buttrill to go over two bombshell developments that have recently come to light regarding former Vice President Joe Biden's role in the 2016 dismissal of Ukrainian Prosecutor General Viktor Shokin.

"Wow! Two huge stories dropped within about 24 hours of each other," Jason began. He went on to explain that a court ruling in Ukraine has just prompted an "actual criminal investigation against Joe Biden in Ukraine."

This stunning development coincided with the release of leaked phone conversations, which took place in late 2015 and early 2016, allegedly among then-Vice President Biden, Secretary of State John Kerry, and Ukraine's former President Petro Poroshenko.

One of the audiotapes seems to confirm allegations of a quid pro quo between Biden and Poroshenko, with the later admitting that he asked Shokin to resign despite having no evidence of him "doing anything wrong" in exchange for a $1 billion loan guarantee.

"Poroshenko said, 'despite the fact that we didn't have any corruption charges on [Shokin], and we don't have any information about him doing something wrong, I asked him to resign,'" Jason explained. "But none of the Western media is pointing this out."

Watch the video below for more details:


Listen to the released audiotapes in full here.

Use code GLENN to save $10 on one year of BlazeTV.

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

A recently declassified email, written by former National Security Adviser Susan Rice and sent herself on the day of President Donald Trump's inauguration, reveals the players involved in the origins of the Trump-Russia probe and "unmasking" of then-incoming National Security Adviser, Gen. Michael Flynn.

Rice's email details a meeting in the Oval Office on Jan 5, 2017, which included herself, former FBI Director James Comey, former Deputy Attorney General Sally Yates, former Vice President Joe Biden, and former President Barack Obama. Acting Director of National Intelligence, Richard Grenell, fully declassified the email recently amid President Trump's repeated references to "Obamagate" and claims that Obama "used his last weeks in office to target incoming officials and sabotage the new administration."

On Glenn Beck's Wednesday night special, Glenn broke down the details of Rice's email and discussed what they reveal about the Obama administration officials involved in the Russia investigation's origins.

Watch the video clip below: