"We Are Rich Because We Are Free." - How Society Creates Entrepreneurs

Too Long; Didn't Read

The career of running one’s own business is distinct from any other due to its increased risk and potential for outsized reward. Communities stopped holding innovators suspect and started promoting their achievements. Successful entrepreneurs explicitly seek to increase their own prosperity, yet they can often improve social welfare along the way. The result? Global poverty has declined a great deal over the past two centuries. 85% of the globe in the 1800's lived on less than $2 a day, but only 9% did in 2017.