American Entrepreneurship
Observers comparing the U.S. economy with the economies of other countries often note that Americans seem to be much more willing to become entrepreneurs. Indeed, a recent survey found that more than 70 percent of adult Americans would prefer being an entrepreneur to working for someone else.1 In contrast, the same survey showed that only 46 and 41 percent of adults in Western Europe and Japan, respectively, preferred being an entrepreneur. One possible explanation for this difference is that, because the United States is an immigrant nation, its residents have inherited their dynamism from past generations. After all, many of those who came here had the gumption to migrate halfway around the world in search of a better life. Not only were the distances long, but the travel was often dangerous. This cannot be the whole story, however, because even in Canada—another nation of immigrants—only 58 percent of adults would prefer entrepreneurship over working for someone else.
via The Entrepreneurial Mind. Dr. Cornwall has many more interesting things to say about this report.
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