1An Opportunity to Lift All: The Power of Entrepreneurship
Since 1970, 2 billion people around the world have lifted themselves out of poverty.1 In the trailer for his documentary, The Pursuit, economist, policy advisor, and writer, Arthur Brooks asks, “What did that?” The answer: entrepreneurship.
Entrepreneurship is one of the most powerful forces for good in the world. When people are free to follow their own interests and set their own course in life by building their own business, prosperity follows. Not just financial prosperity, but the satisfaction of creating something from nothing, of building a team, creating jobs, providing social mobility for individuals, building better communities and many other positive benefits. As Brooks notes,2 free markets, capitalism, and entrepreneurship can also bring billions out of poverty!
How can entrepreneurship alleviate poverty? India's transformation during the past 70 years is an excellent example. For years after gaining its independence from Britain in 1947, the people and leaders of India debated and struggled over the best system of government for their country: socialism or capitalism. For decades, India had chosen the former. In Brooks’ documentary, Hindol Sengupta, Editor‐at‐Large for Fortune India, notes that India had chosen democratic socialism and all of the companies and means of production were owned by the state. ...
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