Johan Norberg, author of In Defense of Global Capitalism says we all tend to take today’s accomplishments and opportunities for granted, whereas our ancestors could not have imagined what we all now have.

In the last 100 years more wealth has been created than in the previous 100,000 years, and it is not because we work more. It’s new ideas that have made it possible for us to work smarter and find easier ways to satisfy our needs and demands.

Who should we thank? According to Norberg it’s the innovators and entrepreneurs. Those who venture into uncharted territory and open up new routes…people who find new markets, create new products, organize work in new ways, design new technology of new medicines.

Although these problem-solvers who search out inefficiencies constantly revolutionizing our economy have made it possible for average people to live longer and healthier lives, with more access to technology than the kings had in previous generations, they just don’t get the credit.

Radical improvement by entrepreneurs have never gotten the acclaim deserved. If such improvements had been accomplished by political leaders and central planning, it would have been celebrated as humanity’s greatest achievement.

But that’s not how entrepreneurs have been perceived for all of their achievements. Luckily for us, the creative ability of the entrepreneur will continue and all of us will be the beneficiaries.

This entry was posted on Sunday, October 7th, 2007 at 3:55 am and is filed under Entrepreneurs & Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.