Who sold you the Entrepreneurial dream? Where did you hear it first time? Most of us are not even conscious of the fact where we first heard the word “Entrepreneur”. Did you hear it as a child, or did you hear it on TV ?
In India, organised corporate sector employs 11% of population. The rest are either running a small business or employed by small businesses.
Where and when did the Entrepreneurial dream begin?
To understand the roots of popularising entrepreneurship, we need to head back to the US of the 1980’s. Keynesian economics was being replaced with Neo-liberal economics. Jimmy Carter privatised airlines, banks, hospitals and host of institutions. Margaret Thatcher was also doing the same in UK. Bargaining power of trade unions were being “systematically” weakened. This was essential for Globalisation. The developed world first lost factory jobs. Manufacturing shifted to countries with cheaper labour. As that wasn’t enough, even the back end office jobs got outsourced.
Unemployment as a consequence of Globalisation
The result of this globalisation was loss of security of a stable jobs. Rise in productivity increases the salary of employees with specialised skills. But the commong man was losing his job. He had no social support, the neo-liberal wave had privatised every social benefit. The ordinary bloke went through sleepless nights. He kept awake thinking about how he is going to pay for his or his families medical bills in case of an emergency. He is now pissed.
To counter this anger and the inability of the government to create jobs. The neoliberal intellectuals made the helpless jobless person in to a loser. They sold him the idea, that if he didn’t have a job, he should become a entrepreneur. They suggested “the best help is self help”. They gave him new age propaganda bullshit that “you can create whatever you can imagine.”
Why did Indians buy the dream of Entrepreneurship ?
First of all Indian economics and media follow the US Template. Our ideology is western, at-least the popular culture. Also it suits the powers. After all elites are not nationalists.
But India has lot of Jobs?
I am not a economist, but India at this point in History has a youngest demographic in its population. We have much more youth waiting to enter the job market and many more competing to maintain their jobs. The Indian common man has no bargaining power with his employers like his counter parts in the west. Of-course we have a thriving middle class and the country is GDP is maintaining its pace. But unfortunately the GDP growth is not translating into “MORE JOBS”.
Narendra Modi and #makeinindia
Narendra Modi government wants to make Indian Manufacturing a tiger again. He is aware of the fact that 50% of Indians are not able to sustain themselves. The government has encouraged startups with its own start fund also.
What’s the point of this post?
I want to remove the rose tinted glasses which you view entrepreneurs. I find it ridiculous to see guys blushing when they talk about Elon Musk. The Government is washing its hand on their responsibility towards helping them. It is saying you help yourself, while we will do some kind of tokenism.
The Reality of the Entrepreneur.
Every small businessman I meet is telling the same story. He is spending too much time in administrative work. The government is arm twisting him, to collect taxes. while the big fishes maintain their unscrupulous stance. This is the reality of the ordinary Entrepreneur.