The American economy is stagnating. The creative destruction of old businesses exiting and new ones starting up has slowed. Fewer people are working at new companies. These trends have only accelerated post-recession. Many of the fresh new entrants hailed as disruptive startups, such as Uber (Private:UBER) and Facebook (NASDAQ:FB), have been on the scene for a decade or more.
…
By: Charles Hughes, Seeking Alpha
Read the full article here.
