I think I like Cringely’s column’s on the economy more than I like his tech posts. He usually takes a very sensible, non-partisan approach to his observations, and in this post, he touches on a favorite subject of mine — the startup economy.
What’s at work here to stifle company formation is lack of credit combined with some increases in efficiency that allow companies to do more with less.
I think he gets it half right, or two-thirds right. He fails to cite the regulatory environment in this country right now. The Obama administration and liberal thinkers in general think that “incentives” will lift all the boats, but that’s just applying band-aids.