Access to capital and credit is more often a family affair, where the upper crust perpetuates itself. Financiers here may even look with favor on a new venture by a party who has been around the track already, know the same mistakes will not be made. I became a successful entrepreneur when I was 42 years old, when I started Polyconomics in July of 1978. The first thing I did was ask a successful small businessman for his advice on how I should get started. I sometimes wonder if I could have survived the barriers that clog the entrepreneurial pipeline these days if I had not taken his advice.
Corporate capitalism is the natural adversary of entrepreneurial capitalism.
Established enterprise would like nothing better than a system that prevents fresh competition. Please note the Business Roundtable, which represents the creme de la creme of the business establishment, has traditionally opposed a lowering of the capital gains tax. They will even contribute to the propaganda of liberal Democrats that a lower capgains tax only benefits rich folks, like themselves. They will favor lowering the capital gains tax only if it applies to existing wealth. In Mexico, for example, only shares traded on the stock exchange are exempt from capgains tax.