Best of Growthink
Looking for Opportunities Now? How to Write a Business Plan for Raising Venture Capital Top Seven Capital Raising Mistakes 20 Reasons Why You Need a Business Plan Top 10 Private Placement Memorandum (PPM) Mistakes The Secrets to Their Success? 25 Quotes From Famous Entrepreneurs The 6 Untold Reasons Why Businesses Fail 7 Entrepreneurs Whose Perseverance Will Inspire You Top 7 Myths About Starting a Business Business Exit Strategy: Planning to Sell Your Business How to Make a Business Plan Capital Raising Resource Center
Products & Services
Growthink Around The Web
The State of America's Economic Leadership
Written by Jay Turo on Tuesday, July 3, 2007
The 4th of July is a traditional time to reflect upon and be grateful for the freedom and prosperity of American life, culture, and its economy. American capitalism - the greatest wealth-creating engine in the history of the world - remains despite stresses - the envy of the world in its ability to encourage and reward innovation and new business models. From the airline industry to biotechnology to the Internet, the great growth businesses of the 21st century are led and will continue to be led by American business.
This is no coincidence and in our view, America's innovation leadership will continue to lead the world for the foreseeable future. We live and work in a world that now more than ever, rewards creativity, entrepreneurship, risk-taking, and out-of-the-box business thinking. These "knowledge worker" qualities thrive best in a culture that encourages and praises free-thinking, diversity, and the pursuit of happiness as underlying principles.
So while American businesses and political leaders should take pause when observing and competing with the work ethic, sense of community mission, and commitment to education that high-flying global competitors like Korea, China, and India embody, the American way of free-thinking and individualism work and compete as well in the 21st Century as they did in Thomas Jefferson's formulation 231 years ago.
Happy 4th of July.
Share this article: