An excellent article on the whole - as is often the case with Economist articles.

It kind of lacks a point, though. It's a shame that we only have the introductory article. I'm sure the "special report" (which usually consists of several articles) will have a lot more meaty recommendations.

Fortunately, I'm subscribed (it's the only magazine to which I subscribe) and so I'll read it when it comes in the post tomorrow :-)

When I voiced a positive opinion of the bad stock market, the people in my office became outraged and I was ostracized and ridiculed for being Un-American.

The bad stock market and bad economy in general are perfect for people in my position who are just starting out and are looking for an opportunity.

"The world’s greatest producer of entrepreneurs continues to be America."

It will be interesting to watch how/if this changes over time, specifically in regard to the seemingly new attitude exhibited by the world community (i.e. the indian example discussed in the article).

If america doesn't come around to the fact that our success is due to creating a positive environment for entrepreneurs we will quickly (by historical standards) go down the tubes.

"entrepreneurship ... “the pursuit of opportunity beyond the resources you currently control”" - interesting

Had never heard of Joseph Schumpeter. Here is a paper http://swopec.hhs.se/iuiwop/papers/iuiwop0533.pdf on how he was nearly right. It explores the Swedish economy.