Business in the U.S. Democracy

Emeric Solymossy

Professor Emeritus, College of Business and Technology, Western Illinois University , United States

Abstract

This paper discusses a model of business in a “democracy” by identifying the three underlying concepts; the individual, the collective (society), and the government (system and mechanics).  Furthermore, each of these elements is also a multi-factor construct.  The foundations and development of the United States is discussed. The exploration, discovery and development of any new country require risk taking and innovative behavior, which was instrumental in the creation of heroes and myths, which shaped much of the culture. From this background, some of the principle characteristics of the entrepreneur are explored and correlated to some generally accepted measures of national culture.  The concepts are developed; their inter-relationships and the resulting dynamics are presented.  The foundation(s) and uniqueness of the U.S. form of democracy is explored as a government typology.  Data is presented exhibiting the variability of business confidence, and a conclusion is reached that the attitudes and policies of the government have a greater impact on business formation and success than the form of government.

Keywords:

business in democracy, model of business, the United States

References:
Acs, Zoltan J., Saul Estrin, Tomasz Mickiewicz, and László Szerb (2018) “Entrepreneurship, Institutional Economics, And Economic Growth: An Ecosystem Perspective” Small Business Economics, V51-2
Berry, Tim, (undated) “35 Common Characteristic of Successful Entrepreneurs,” Bplans, on Palo Alto Software, at https://articles.bplans.com/35-common-characteristics-of-successful-entrepreneurs/
Bohn, H. G. (1849). The Standard Library Cyclopedia of Political, Constitutional, Statistical and Forensic Knowledge. 4 volumes, Covent Garden, N.Y., p. 640.
Bryant, Sue, (2019) “How Different Cultures Deal with Failure,” on Country Navigator, https://countrynavigator.com/blog/cultural-intelligence/failure-across-cultures/
Chipulu, Maxwell, Udechukwu Ojiako, Paul Gardiner, Terry Williams, Vital Anantatmula, Caroline Mota, Stuart Maguire, Yongyi Shou, Peter Nwilo, and Vachara Peansupap (2012) Cultural Imperatives in Perceptions of Project Success and Failure, Project Management Institute, ISBN 9781935589938
De Soto, Hernando (2000) The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else, (Basic Books, 2000 ISBN 0-465-01614-6)
Friedman, George, 2017 “The Founding Fathers Never Intended to Create A Direct Democracy,” Huffington Post, at: https://www.huffpost.com/entry/the-founding-fathers-never-meant-to-create_b_13051196
Helsop, D. Alan, (undated) “Stable Political Systems,” at https://www.britannica.com/topic/political-system/Stable-political-systems
Holcombe, Randall (2019) Liberty in Peril, Randall Holcombe, Liberty in Peril, ISBN-13: 978-1598133325
Isenberg, Daniel, (2010) “How to Start an Entrepreneurial Revolution,” Harvard Business Review
Isenberg, Daniel, (2011) “Introducing the Entrepreneurship Ecosystem: Four Defining Characteristics,” Forbes.com, May 25, accessed at https://www.forbes.com/sites/danisenberg/2011/05/25/introducing-the-entrepreneurship-ecosystem-four-defining-characteristics/#2319a8b55fe8
Isenberg, Daniel (2014) “What an Entrepreneurship Ecosystem Actually Is,” Harvard Business Review, May 12, accessed at https://hbr.org/2014/05/what-an-entrepreneurial-ecosystem-actually-is
Leaper, Glenn, W. (2015) “Dare to Fail: The Awakening of the European Failure Culture,” on StartUS Magazine, at https://magazine.startus.cc/dare-to-fail-european-failure-culture/
Roser, Max (2019) “Which countries achieved economic growth? And why does it matter?” from Our World in Data, at https://ourworldindata.org/economic-growth-since-1950
Rosseau, Jean-Jacques (1762) On the Social Contract; or, Principles of Political Rights, Published by Marc Michel, Rev., Amsterdam.
Roser, Max, (2019), Which Countries Achieved Economic Growth? And Why Does It Matter? In Our World in Data, at https://ourworldindata.org/economic-growth-since-1950
Sandemose, Aksel (1936). A Fugitive Crosses His Tracks, translated by Eugene Gay-Tifft. New York: A.A. Knopf.
Thompson, Dennis. John Stuart Mill and Representative Government. Princeton University Press, 1976. ISBN 978-0691021874
Solymossy, Emeric, (1997). “Push / Pull Motivation: Does it Matter in Terms of Venture Performance?,” pp. 204-217, in P.D. Reynolds, W.D. Bygrave, N.M. Carter, P. Davidsson, C.M.Mason, and P.P. McDougall, (eds), Frontiers in Entrepreneurship Research, Babson College, Boston, MA
Southerland, Steve (2011) Comments at the Liberty County Chamber of Commerce Annual Dinner, appearing in Politifact.com, appearing in https://www.politifact.com/florida/statements/2011/jan/20/steve-southerland/92-percent-obama-administration-has-no-private-sec/
Download

Published
2020-09-01


Solymossy, E. (2020). Business in the U.S. Democracy. Review of European and Comparative Law, 42(3), 169–191. https://doi.org/10.31743/recl.8672

Emeric Solymossy 
Professor Emeritus, College of Business and Technology, Western Illinois University



License

Creative Commons CC-BY