“We Have to Entrepreneurialize Society”

Economist Klaus Schwab is the founder and organizer of the annual Davos gatherings of government and corporate insiders.

(p. R15) MR. BAKER: There has been a tremendous growth in industrial concentration, big companies getting bigger. Small companies are essentially being squeezed out. There’s a concern that it’s not just bureaucracies and supernational institutions, but companies themselves, are just too big and too remote. What can be done to address those concerns?
PROF. SCHWAB: We have to entrepreneurialize society. If we look where jobs will come from, they will come mainly from new enterprises, from medium-size enterprises. So companies and countries have to create an ecosystem which allows young people to create their own companies. We have to create new Facebook s, new Googles, and so on. Then we have the necessary dynamic situation which maintains a certain degree of competition in the economy.

For the full interview, see:
Gerard Baker, interviewer. “Nationalism vs. Globalism: A Question of Balance; Klaus Schwab, executive chairman of the World Economic Forum, on how to deal with a fractured world.” The Wall Street Journal (Tuesday, Jan. 23, 2018): R15.
(Note: bold in original.)
(Note: the online version of the interview has a date of Jan. 22, 2018.)

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