Why Romney is wrong about culture and success

Forbes

Peter Cohan, Contributor

I write from near Boston about startups and political economy

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4 Reasons Romney's Wrong About Culture And Economic Success

Aspiring Diplomat-in-Chief Willard Mitt Romney is wrong about the relationship between culture and economic success. And based on analysis of why capital flows more to some countries than others, Romney bypasses four key factors that determine those differences.

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And if culture was so important to Israel’s success, then why did Israel have very little entrepreneurial activity until the 1980s? Did Israel’s culture really transform itself fundamentally when it turned into the world’s most entrepreneurial nation?
No — but its EE evolved to encourage capital flows into start-ups founded by army veterans — like Shlomo Kramer – with world-beating Internet security technology skills.

 

Read it at Forbes:http://www.forbes.com/sites/petercohan/2012/08/02/4-reasons-romneys-wrong-about-culture-and-economic-success/