Thank you. Exactly. I wanted to add one thing, which I have found to be a good general principle:
To help someone (including yourself) achieve real success the best way is to make it safe to fail. That makes it safe to take risks - because there are no certainties in life.
That poor kid with a talent for singing would have a better shot at helping the world if he was able to take a risk eg pursue his singing education instead of working at McDonalds 10 hours a day to pay his rent.
> To help someone (including yourself) achieve real success the best way is to make it safe to fail.
Oh I was just thinking this same thing a while ago. If we want to reduce unemployment we have to empower people to employ themselves, since corporate spending appears to be trickling down in other countries. I was thinking of it in the context of free healthcare and free education.
I'm not sure if that's what you're saying, but keep in mind that targetting the unemployed for self-employment is usually not an effective strategy. Mass unemployment is a macro problem and not the individual fault of the unemployed, but despite that, the people who end up unemployed do tend to be on the lower end of the skill range. This means they are not the best candidates for self-employment to begin with.
It's better to make it safe for those who are employed to give up their employment to create new businesses and thus create more jobs.
Though in the end, it always comes down to aggregate demand. Even encouraging startups does not boost aggregate demand.
Ah, no, I do mean to target the already employed people that want to create their own jobs but cannot take the risk due to having no other source of healthcare and no other way to pay for their children's education. I think there must be some group of people that would do their own startup but for needing healthcare.
To help someone (including yourself) achieve real success the best way is to make it safe to fail. That makes it safe to take risks - because there are no certainties in life.
That poor kid with a talent for singing would have a better shot at helping the world if he was able to take a risk eg pursue his singing education instead of working at McDonalds 10 hours a day to pay his rent.