Chris Barnard and Kai Weiss write in National Affairs about the exceptionalism of America.
“The American economic model of limited government, private initiative, and free enterprise unleashed and helped sustain the dynamism and proactivity of its people. Even today, with rising economic competition across the globe, 45% of start-ups and 50% of unicorns (start-ups valued at $1 billion or more) come from the United States. These companies have a much higher success rate than those in Europe, and tend to stay in business longer. The unceasing can-do spirit required for these firms to take root and thrive is much more prevalent among Americans than it is among Europeans, in part because Americans begin nurturing it at an early age: Even young children in the United States do chores to earn pocket money and hold bake sales to fundraise for school field trips.”
Read the full article here.
