United States of America have
continued to be the engine-room of
world-class entrepreneurs. In the last few
decades the country has given the world Facebook, Google, Paypal and Apple.
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| American Flag with Statue of Liberty at background |
These set of actions has not only
made the promoters billionaires but made others rich too. They have been able
to benefit from the American dream which is sown in freedom and system that allow
you to be the best.
One of the basic ingredient in achieve
these are the great tertiary education institutions (USA have majority of best
10 in the World) which turns out great mind. Such great ideas from such mind
can easily be nurtured where democratic principle are held supreme and human
right principles are held there. The ultimate ingredient is the wonderful stock
exchange where the great idea can be rewarded to infinitum.
Google’s idea was derived from the
PhD thesis of Larry Page and Sergey who were students of world class
institution-Stanford University in California. Armed with an idea where patent
laws work because of rule of law not rule of men, venture capitalists invest
endlessly and the promoters can promote their idea to a logical conclusion. All
parties are protected and “intellectual pirates and thieves” are wade off
through a labyrinth of effective legislation, enforcement of same legislation
and punishing those who violate the law.
The Stock Exchange e.g. New York Stock
Exchange is so vibrant that the promoters and co-promoters are rewarded
infinitum. That serves as reward point for those who may want to exist like Pay-pal
did or those who want to continue enjoying the largess like Google guys.
The questions is; the numerous underdeveloped
African countries, how developed are there educational system, their level of promotion
of rule of law and depth of their securities and exchange system.
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| Gold Bullion by Slav4|Ariel Palmon |
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