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“Small business is the basis of American prosperity.” “Small businesses are overwhelmingly responsible for job creation and innovation.” “Small business owners are the basis for democracy in America.” All these statements are wrong, argues Robert Atkinson, president of the Information Technology and Innovation Foundation. It’s Big Business that’s responsible for today’s gains in income, productivity, and jobs—and policymakers and voters need to recognize these facts. He joins the podcast to discuss this argument from his new book, “Big is Beautiful: Debunking the Myth of Small Business,” co-authored with Michael Lind.
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It’s not bigness that is the problem- it is the cronyism promulgated by bootleggers and Baptists. Incumbents in every market are lobbying Congress to protect their business plans and current business models- particularly including the IT sector.