Kauffman’s CEO asks, “What can be done to save Capitalism?” May 17, 2009
Posted by jennbouani in Capitalism, Economics, Entrepreneurs.Tags: Capitalism, carl schramm, Entrepreneurs, kauffman foundation, schumpteter symposium
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About 70% of college students want to own a business in their lifetime. But with our nation’s misguided attack on capitalism, how can that be realized? Carl Schramm, President and CEO of Kauffman Foundation, addresses the audience at the Schumpeter Symposium 2008, by asking what can be done to save capitalism, the philosophy that can “expand liberty and welfare far faster than any other social or economic order ever tried or ever experienced.”
Schramm (@ 34:00 minute):
“Schumpeter tells us loud and clear that the most important citizen is not the politician, nor is it the big business men, nor is it the banker on Wall Street. They are important, but they are not central to the renewal of democratic capitalism. They don’t do it. That role, that burden, that honor falls to our fellow citizens that in the face of the challenges we see all around us are ready to undertake the pursuit of what it is that entrepreneurs do. They birth the new, they create our jobs, and the make the wealth that will be more necessary than ever before to purchase a future worth living.”
Carl Schramm, President and CEO, Kauffman Foundation speaks at Schumpeter Symposium 2008
Why does Kauffman have a CEO? It is a foundation.
Why is it run like a corporation?
Schramm is no entrepreneur, and has, in fact, redfined entrepreneurship in a damaging way.
Many are beginning to call him out.
–http://entrepreneurshipeconomist.wordpress.com/
Carl Schramm’s “Schrammenomics” Recession, Far From Over, Already Setting Records
By entrepreneurshipeconomist
Having made the economy worse over the past seven years by instituting the entrepreneurship-free entrepreneurship that is the central plank of Schrammenomics, Carl Schramm is now attempting to institute Austrian-free Austrian Ecnomics, hiring Dane Stangler to replace the noble content of the Austrians with Bo Fishback MBA buzzwords such as “growthology.” The theory is that if Carl Schramm gets enough invites to fancy dinners on first class flights (bought and paid for by Kauffman, like Carl Schramm’s George Eastman Kodak Medal and schrammenomics vanity press), he can revive the economy as he and Bo Fishback and Dane Stangler hold hands as they fly first class, chanting “growthology,” “growthology,” “growthology” while coming up with new ways to konsolidate power at kauffman so that no matter how bad the economy gets, no matter how many entrepreneurs and true academics they they oppose and afflict, no matter how many superior competitors must be defunded and detsoryed by the innovation-free, entreprneurship-reee, invention-free, innovator-free “MBA/JD bureuacrat/pencil pusher only” schrammenomics juggernaut, they will yet receive millions for Carl Schramm’s seven years of failed, eocnomy-killing, home-foreclosing, self-serving, MBA-buzzword chanting Schrammenomics. They define this plundering of a noble man’s foundation for personal, welath-killing profit as “entreprnuership.” Sure you can buy a lot of medals, friends (univeristy administrators who you wire millions to in exchange for medals), and supporters with a $2.5 billion foundation, as long as you are an ambitious, soulless, echaracterless political manipulator who sees opportunity for personal profit in the destruction of academia and treu entrepreneurship. When the noble, exalted Kauffman left his estate for entrepreneurs and entrepreneurship, he never, never defined entrepreneurship as the hijacking a foundation and using it to fund one’s own content-light, insipid, anti-intelletcual vanity press and purchase George Eastman Kodak medals while hiring anti-entreprneur MBAs/JDs to replace the exalted spirit of entrepreneurship with “growthology” buzzwords, konsolidating power while killing the spirit of entreprneurship and raging against the free marketplace of ideas, spamming the internet with growthology buzzwords as the economy died, due to schrammenomics.
The New York Times reports, http://www.nytimes.com/2009/04/25/business/economy/25charts.html?_r=1&ref=patrick.net
Recession, Far From Over, Already Setting Records
Dane Stangler and Bo the Harvard MBA Fishback will never link to this, as their #1 job is to make sure that Carl Schramm’s image is exalted even as the economy crashes after seven years of of Schrammenomics.
The economy is in Schrambles, as Bo Fishnback and Dane Stangler come up with new buzzwords to shout as they fly over America in first class, celebrating their massive salaries from the once venerable Kauffman Foundation (now dominated by tyrannical, failed schrammenomics) which have also allowed Carl Schramm to buy himself a George Eastman Kodak Medal and fund a vanity press devoted entirely to displacing the intellectual giants and Nobel Laureate economists who could save the eccnomy–Ludwig Von Mises and F.A. Hayke. schrammenomics is all about dumbing down the economy so as to make Schramm look good, as his insipid, dull, anti-intellectual book GOOD CAPITALISM (SCHRAMMENOMICS/BO FISHBACK MBA BUZZWORDS) BAD CAPITALISM (HAYEK & MISES) left out both Mises and Hayek.
Regarding Carl Schramm’s Recession, The New York Times reports:
The two areas in which this is already the worst recession since 1960 are employment and industrial production. The number of jobs in the country has fallen by 3.9 percent, exceeding the 3.2 percent decline in the 1981-82 recession. Economists generally expect those numbers to get worse before they stabilize.
The 15.4 percent fall in industrial production, while worse than in previous recessions, is better than in some countries. The worldwide recession has slashed both production and international trade, and the impact is being felt most in export-driven economies in Asia.
The fourth category used in the coincident indicators is manufacturing and trade sales, a broad picture of total transactions in the economy. Adjusted for inflation, that has fallen 10.8 percent since the peak, a bit more than the decline in 1981-82 but not yet close to the 14.8 percent decline in the 1970s recession.
And yet Schramm continues flying around congratulaing his Statist friends:
F.A. Hayek warned us about Carl Schramm’s Tyranny: Mises Warned us of Carl Shramm’s/Dane Stangler’s Post Office
April 24, 2009 by entrepreneurshipeconomist
“[Socialists] promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office.”” –Ludwig Von Mises predicting what the Kauffman Foundation would become after seven years of tryannical, corporate-CEO, personal-profiteering, anti-intellectual, anti-entrepreneurial Schrammenomics.
“Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow…” –Ludwig Von Mises talking about why Carm Schramm goes to the $ 3,995.00/head Milken Institute to address his fellow corporate-statists on Kauffman’s dime, instead of funding innovators, true academics, entrepreneurs, entrepreneurship, and inventors who are losing their homes and businesses as the eocnomy withers after seven lonmg years of Schrammenomics and Schramm funnels himself and his growthology buzzword-bloggers millions from the Kauffman endowment (which was meant to go to entrepreneurs, true academics who are not afraid to quote Hayek and Mises, and innovators), while pretending to serve the innovators and entrepreneurs Schramm opposes in his characterless actions and by saying one thing while doing another.
I sit on a man’s back, choking him, and making him carry me, and yet assure myself and others that I am very sorry for him and wish to ease his lot by any means possible, except getting off his back. –Tolstoy Writings on Civil Disobedience and Nonviolence (1886)
F.A. Hayek/Mises warned us about Carl Schramm et al.’s Temporal Tyranny, where he hires thug deputies such as Dane Stangler to backdate research and make it look like Schrammenomics embraces the Austrains, when, in fact, he compeletly ignores them in word, deeed, spirit, and action.
Because Schramm has hijacked the $2.5 billion Kauffman foundation, he runs it as a top-down dictarorial CEO would, with every action motivated by self-preservation as the Nobel in economics slips further and further beyond his intellectually-inept reach. Sycophantic lockstepping lawyers such as Dane Stangler will never call Schramm out, as thier salary depends on supporting Statist Schrammenomics above truth, beauty, and reason, and they will go so far as to backdate Kauffman research to serve their master.
Carl Schramm did not build Kauffman, and it is time for him to step down.
Carl Schramm is not Kauffman, and it is time for Carl Schramm to step down.
Carl Schramm does not own Kauffman, and it is time for Carl Schramm to step down.
Kauffman did not will for his vast welath to become a Schrammenomics vanity press, and it is time for Schramm to step down.
Kauffman did not will for Schramm to use a $2.5 billion warchest to pen and promote insipid, self-serving books lauding Schrammenomics while completely ignoring intellectual diants such as L.V. Mises and F.A. Hayek, and it is time for Carl Schramm to setp down.
Nowhere in the foundation’s charter did it stipulate that Carl Schramm was to lord over the Kauffman Foundation for all of entirety as the economy withered, crashed, and died; and the netrprnuerial spirit was replaced with Schrammenomics
The most important elements in entrepreneurship are character and integrity. The most important elements for Statists/Schrammeconomist are the lack of character and integrity and the ability to use words to mislead and deceive while laying claim to a dead entrepreneur’s estate. While Hayek and Mises used words for truth, Schramm uses words for mere personal profit, and then when his lackluster, anti-intellectual, unscholarly works fall short, he has to try and put all better economists out of business by leveraging his $2.5 billion warchest. Imagine if Hayek and Mises had used a $2.5 billion warchest to put their competitors out of business. They would never do this. For they had character and integrity, which Schramm the self-serving tyrant/Statist completely lacks.
–http://entrepreneurshipeconomist.wordpress.com/
Thanks for bringing this debate to my attention. I didn’t pick up on socialist, anti-entrepreneurship, anti-Austrian economics from the video posted above. I haven’t read Schramm’s book either, so I can’t comment intelligently on your comments; however, since you claim laissez-faire, free-market capitalism is being undermined or attacked, you’ve piqued my interest. Thanks for alerting me to this view.
I do have one request. Next time you submit a comment, please don’t post sets of entire blog posts from your blog (they are very long and redundant), but instead write an original comment directly to me and link to your posts.