Archive for December, 2012

Professor Stephen Hicks on Objectivism, Public Policy, and Entrepreneurship

Friday, December 21st, 2012

At the 2012 Atlas Summit, Professor Stephen Hicks (CEE’s Executive Director) presented an Objectivist perspective on entrepreneurship and public policy.

The lecture’s themes include:
* Our schizophrenic public policy culture: health, sex, religion, money
* What wealth is: tangible, intangible, and institutional assets
* Entrepreneurism as a cultural asset
* Objectivism’s entrepreneurial ethic
* Principled strategy in a mixed economy
* Three challenges: abstractness, easy disagreement, being principled among the unprincipled
* Immigration policy
* Education policy
* Entrepreneurism and meeting the three challenges

Watch Dr. Hicks’s full lecture below:

Via The Atlas Society

Interview with William and Wilson Ling

Wednesday, December 19th, 2012

William and Wilson Ling are shareholders and board members of Petropar S.A., one of the major producers of aluminum beverage cans and plastic closures in Brazil, and the world’s second largest supplier of lightweight spunmelt nonwovens fabrics for disposable hygiene applications.

Kaizen: To start with your background and how Petropar began. You were born in Brazil?

Wilson: All four Ling siblings are Brazilian—Winston (born 1955), William (1957), Rosa (1959), and Wilson (1961).

Kaizen: Your parents immigrated from China in the 1950s?

William: Our father, Sheun Ming Ling, was born in Beijing in 1921 and was raised in Wenzhou. He left China in 1948, in the wake of the communist revolution, first to Taiwan. In early 1950 he went to Hong Kong where he met Lydia Wong who was born in 1928, in Shanghai.

Our father wasn’t educated in a formal school; he was homeschooled. It was usual at that time for families to do homeschooling. So basically his education was at home with private tutors.

He lost his father when he was young—at age 12. So he stopped studying and started working as an apprentice. He joined the China Vegetable Oil Company (CVOC), which was a large entity with state and private ownership that had a virtual monopoly in the vegetable oil industry. It was there where he acquired all his experience in this industry. But he always worked as an accountant or as an auditor. He wasn’t involved in operations. He knew the operations from his work as an auditor.

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Utah Tops Forbes Best States for Business List

Tuesday, December 18th, 2012

For the third year in a row, Utah is number one on the Forbes list of Best States for Business. The ranking is based on six factors: costs, labor supply, regulatory environment, current economic climate, growth prospects, and quality of life. Some of Utah’s benefits for businesses are: a low corporate tax rate (5%), a young labor force (median age 29), and a relatively free regulatory climate (few frivolous lawsuits are rewarded).

View the full list of Best States for Business here.

Related: Mercatus Center’s list of Freedom in the States, ranked by economic and personal freedom.

How Entrepreneurs Can Master the Creative Mind

Thursday, December 13th, 2012

To become a great entrepreneur, one needs to be creative and innovative. The Creativity Post has a list of 8 tips to cultivate and maintain creativity, including:

1. Forever curious. Endless curiosity is the number one indication of the creative mind-set. It allows entrepreneurs to challenge what is already “known” to extrapolate that to an original idea. Curiosity infuses you with the determination needed to figure out or learn how to turn an original or innovative idea into a reality.

2. Always open to new things. Thinking this way can be viewed as quieting the opinions of the judgmental mind long enough to allow the creative mind the time and space it needs to generate interesting insights, associations, and connections. This opens creative possibilities, rather than categorizing new things into self-limited dead-ends.”

Read the rest here.

Related: our interview with Judy Estrin on innovation.

Also related: watch Dr. Stephen Hicks outline the entrepreneurial process and the role of innovation within it.

12 Lessons Guy Kawasaki Learned from Steve Jobs

Monday, December 10th, 2012

The day after Steve Jobs’ death last year, Silicon Valley VC Guy Kawasaki gave a speech about the two times he worked under Jobs and what he learned. Some highlights from his list: Don’t listen to the experts; all that matters is whether something works or not; and value is different from price. Watch his talk below:

Actress-Neuroscientist Mayim Bialik on the Need for Science Education

Thursday, December 6th, 2012

At Take Part, Blossom and Big Bang Theory actress (and neuroscientist) Mayim Bialik talks about the importance of STEM (science, technology, engineering, and math) education.

Read the interview here.

Related: our interview with scientist R. Paul Drake on Entrepreneurial Research Science.

Government Subsidies to Businesses: Where Does the Money Go?

Monday, December 3rd, 2012

Local governments give out $80.4 billion total to fund 1,874 business incentive programs (subsidies, tax relief, loan guarantees, and more). Where does the money go?

Explore the data with an interactive chart at The New York Times.