In the United States, the road to economic success is open because the road to economic failure is open.
That’s the basic American proposition: We have an unregimented business culture, easy credit, a forgiving bankruptcy regime, and a “hold my beer” model of entrepreneurship. Sure, we are savages, but we invent basically all the cool stuff. You want to invent cool stuff, too, go to Palo Alto; you want to work in a bank, go to Zurich; you want to be a bureaucrat, go to Toulouse. There isn’t anything wrong with being a banker or a bureaucrat — the world needs …
Something to Consider
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