Startup companies have recorded a sharp increase in the world today such that these small companies are driving many economies. This explains why so many governments around the world have invested heavily in individuals with innovative ideas to come forward and offer their ideas so that they can be funded to invest and continue helping the economy. The small companies are propelling most of the developing countries’ economy.
Shervin Pishevar notes that the government of the United States should be working towards encouraging young individuals to invest heavily in small companies so that it can compete heavily with other countries like China and some emerging nations in Asia. Majority of the countries in Asia have obtained developed status while the United States remains at the same point for a more extended period. This indicates a lack of innovation and change in policies.
Instead of choosing to encourage the small organizations to expand and take over the economy, the government of the United States seems to be supporting the large corporations in the country to continue expanding their power and influence in the economy hence stifling the expansion of small companies that support the economy and employ many individuals. Shervin Pishevar continues to note that small companies are finding it hard to compete with the large multinational organizations because they have been getting support from the government.
Large multinational entities such as Alphabet, Facebook, Microsoft, and Amazon among others have taken the government a hostage, and they are controlling the economy. The government has been left without power and influence because these entities are strong enough to influence everything in the economy. Shervin Pishevar notes that these large organizations should be given any favor because they have much wealth to stand on their own.
Instead of giving the sizable multinational organization government subsidies, Shervin Pishevar notes that the government should be supporting the small startups so that it can close the already existing gap between the United States and other countries around the world. Allowing the large and robust organizations to control prices is instituting new monopoly while at the same time stifling the growth of small companies.