(2012-02-02) Davos Job Creation Micro Entrepreneurship

The World Economic Forum published (back in October, I guess it's being discussed because Davos just happened) and piece on "The Great Transformation" and needed global policy changes. The 4th area, Job Creation, is getting fresh discussion. The key to mitigating a catastrophic situation is to provide young people with the capability to create their own jobs: to move from the pure concept of UnEmployment to the concept of micro-EntrepreneurShip (One Man Show). This will require fundamental changes in educational systems (Educating Kids), nurturing a societal spirit of entrepreneurial risk-taking, allowing true gender equality – to integrate the other half of hidden talents – and making Innovation and the support of innovation a key imperative in public and private life. The success of any national and business model for competitiveness in the future will be less based on capital and much more based on Talent. I define this transition as moving from capitalism to “talentism”.

I think it's key to have separate pragmatic recommendations for different parts of the world (US, EU, Third World, etc.)

In the US, what would help?

• Reduce government drag by whacking Defense Spending (non-interventionist Foreign Policy)
• Level the playing field by
  • whacking BigCo Subsidy deals (like Farm Bill)
  • Carbon Tax (which hits capital-intensive BigCo more than SmallCo)
• Tax deductible High Deductible HealthCare insurance (cap per-person) (as first step in getting employers out of the system0
• Investment Crowdfunding?