Saturday, November 19, 2011

Stystem D: Entrepeneurs in Africa

ForeignPolicy magazine has an interesting article about how small entrepeneurs get around a lot of regulations and improve the lot of people.

The growth of System D presents a series of challenges to the norms of economics, business, and governance -- for it has traditionally existed outside the framework of trade agreements, labor laws, copyright protections, product safety regulations, antipollution legislation, and a host of other political, social, and environmental policies. Yet there's plenty that's positive, too. In Africa, many cities -- Lagos, Nigeria, is a good example -- have been propelled into the modern era through System D, because legal businesses don't find enough profit in bringing cutting- edge products to the third world. China has, in part, become the world's manufacturing and trading center because it has been willing to engage System D trade.

In the US, this used to be the way to make jobs, but the government, in it's search to regulate everything, is busy destroying the small business owner.

No comments:

Free hit counters
Free hit counters