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Apparently the cost of failure in many US states is much lower than it is in Canada: they have more forgiving bankruptcy and corporate law than we do. Meaning serial entrepreneurs don’t have to get it right the first time, and can afford a few locks at the can.
This favors the already wealthy/born into wealth far more than everyone else which contributes to the wealth gap. Especially since a single medical issue can undermine any progress while growing with far more financial impact than in a country with universal health care.
The US situation is favorable to some entrepreneurs.
This favors the already wealthy/born into wealth far more than everyone else which contributes to the wealth gap. Especially since a single medical issue can undermine any progress while growing with far more financial impact than in a country with universal health care.
The US situation is favorable to some entrepreneurs.
Hard agree.