Bloomberg - It's Gotten Too Hard to Strike it Rich in America

I found this articles from Bloomberg quite interesting as I have continued to see how the United States has had trouble with a main component of its growing economy, entrepreneurship. I have read a number of studies and articles related to the conditions of the business environment become more difficult to foster new businesses. Whether it be do to employment competition, product competition, education and regulation; the fact is that the American economy is not producing new businesses the way it used to in the past.

Even the paths that have been created in the past are seeing substantial decreases as market efficiencies have led for smaller or younger people to have less opportunities to grow. The article goes through a number of prior trends like day trading or home flipping in which tides have since turned on the opportunity to successfully grow capital in these sectors. Even the traditional corporate ladder path has been challenged as the system seems to have discounted loyalty in return of placing labor cheaper.

We have seen this also in the Fintech space and specifically for blockchain projects as regulation has slowed down projects given the uncertainty here in the United States. What makes matters worst is that many are opting to develop these businesses and technologies elsewhere which add to the burden of finding growing industries for the economy locally. It was funny to see that they even mentioned that "many have flocked to the world of cryptocurrency, where outsiders and people with less formal education still have a chance to strike it rich.”

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