The Culture of Entrepreneurship: Creating Your Own Job

Abstract

It is time that Europe took another look at entrepreneurs, as it did between the First Industrial Revolution and the Second World War, and enabled them to help solve our problems and to make our society better. When it comes to entrepreneurship, however, the problem with Europe is not only the lack of early-stage entrepreneurs, but also the lack of growth among start-up companies. In the quest for new ways to tackle the big issues, entrepreneurship-friendly policies are an almost-zero-cost path that may reinvigorate the stagnant economic system without increasing deficits. ThinkYoung highlights three main problems with tackling youth unemployment through higher rates of entrepreneurship: the lack of entrepreneurship education, the imperfect and incomplete single market, and the stigma of failure. We are in the midst of the Third Industrial Revolution: Europe can decide to embrace it, be open and focus on its competitive advantage in order to provide a future for its youth, or it can decide to do nothing and be left behind.