See my take on the election and the prospects for capitalism in today’s Wall Street Journal:
If Barack Obama ran for president by calling for a heavier hand of government, he also won by running one of the most entrepreneurial campaigns in history.
Will he now grasp the lesson his campaign offers as he crafts policies aimed at reigniting the national economy? Amid a recession, two wars, and a global financial crisis, will he come to see that unleashing the entrepreneur is the best way to raise the revenue he needs for his lofty priorities?
Bret Swanson / Bret Swanson is president of Entropy Economics, a research firm focused on technology and the global economy, and of Entropy Capital, a venture firm that invests in early-stage technology companies. For eight years he advised technology investors as executive editor of the Gilder Technology Report and later was a senior fellow at The Progress & Freedom Foundation. Today Swanson presents his “exaflood” research across the globe, writes a column for Forbes, and contributes to the editorial page of The Wall Street Journal on topics ranging from communications bandwidth to monetary policy. He studies innovation, globalization, China, Internet traffic, information theory, the stock market, and entrepreneurial economics. He is guided by the Laws of Say, Metcalfe, and Moore, the Theorem of Shannon, and the Curve of Laffer. His most pioneering and speculative research, however, concerns forces even more powerful and enigmatic — his four children nine and under.
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