A recent article sites the decline of growth for entrepreneurs in the United States. According to the article, the quantity of people under the age of 24 who own their own business has reached a 24 year low. This dip in entrepreneurs will place heavy damper on the future of capitalism in the United States.
Capitalism is an economic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit. With out entrepreneurs the elements of private ownership for profit will become non existent. Entrepreneur is an individual who organizes or operates a business or businesses. The entrepreneur is commonly seen as an innovator — a generator of new ideas and business processes.
Entrepreneurs provide several benefits to a capitalistic society which include:
- Entrepreneurs create businesses that hire people. Entrepreneurs provide their employees a steady job and income. The workers’ income puts food on the table and feed their family members. The same income will be needed to be able to buy necessities such as food, clothing and shelter. This in turn will help spur the economy and provide necessary jobs and businesses for people that meet these basic needs.
- Entrepreneurs pay taxes. The small businesses that the entrepreneurs established are required to pay necessary local, state, and/or the federal government taxes. The tax dollars from the businesses will be used by the government to provide people with basic services such as health care, transportation, education, construction and so many others.
- Entrepreneurs create demand for products which in turn create jobs and other businesses. Entrepreneurs need to buy products in order to produce finished goods. They need raw materials. Sometimes these raw materials are finished goods themselves, for instance gold. Buying raw materials for their businesses will create other businesses which in turn create more jobs.
- Entrepreneurs introduce new technologies to the market. They come up with new technologies, create new products and provide new services.
- Entrepreneurs stimulates the economy by instilling confidence in people. The economic health of a nation generally depends on its GDP (Gross Domestic Product) performance. Entrepreneurs, through the jobs and businesses they create, are vital to the GDP equation.
The problem is that the education system is no longer producing entrepreneurs. One of the major problems is that many Black students are redirected because of the treatment that they receive in school.
Instead of a school-to-business pipeline there is an school-to-prison pipeline. The term “school-to-prison pipeline” is a phrase that is used by education reform activists and organizations such as the American Civil Liberties Union (ACLU), the Justice Policy Center, Advancement Project, and the New York Civil Liberties Union, to describe what they view as a widespread pattern in the United States of pushing students, especially those who are already at a disadvantage, out of school and into the American criminal justice system. They argue that this “pipeline” is the result of public institutions being neglectful or derelict in properly addressing students as individuals who might need extra educational or social assistance, or being unable to do so because of staffing shortages or statutory mandates. The resulting miseducation and mass incarceration are said to create a vicious circle for individuals and communities.
When a Black student is subjected to classroom racism (Cloomism). They are less likely to do well in school. Once they realize that they have to seek other means of survival they are more likely to participate in entrepreneurial activities that are illegal. In order to survive they will take the risk and in some cases, Black students have the entrepreneurial skills necessary to run multi million dollar drug rings. Many of them are placed in this illegal entrepreneurial enterprise because of the classroom racism that they were not able to overcome or they just chose to walk away from a racist education system.
Dr. Derrick L. Campbell, Ed.D.
PO Box 1668 Blackwood, NJ 08012
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Author of Promoting Positive Racial Teacher Student Classroom Relationships
“The model that you use to analyze teacher-student relationships is a good one for most school districts”.
~ Joe Vas ~ Perth Amboy Mayor
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~ Darrell Pope ~ Hutchinson Kansas NAACP President