An appalling piece published online by The Economist (the editor-in-chief since 2015 has been a woman). The reasons there are so few significant female entrepreneurs are perfectly well understood, but denied by feminists, ever keen to be parasites on men, as individuals or as taxpayers. The start of the piece:
Female entrepreneurs the world over are systematically excluded from economic participation, and face myriad barriers to doing business. Governments can do much more to help, says Linda Scott, emeritus professor of entrepreneurship and innovation at the University of Oxford, founder of the Global Business Coalition for Women’s Economic Empowerment, and author of The Double X Economy.
Almost three-quarters of the income taxes taken by the UK government comes from men. The article is nothing less than a demand that these men’s taxes are used to privilege wannabe female entrepreneurs. Extracts:
Women tend to have less experience with manufacturing methods and fewer network contacts to advise them on technical matters. They seldom have the knowledge to acquire the right equipment nor the capital to pay for it. Governments wishing to support the work of female artisans could help by offering the services of technical experts in much the same way as they provide agricultural training. Assistance could also come in the form of grants or low-cost capital for equipment.
So, what about men who “have less experience with manufacturing methods and fewer network contacts to advise them on technical matters”? What about men who “seldom have the knowledge to acquire the right equipment nor the capital to pay for it.” Well, they can just watch their taxes going to women in the same position they are. More of Ms Scott’s BS:
Globally, women own only 18% of available land, a vestige of centuries-old prohibitions against female inheritance. The consequent gender gap in property ownership renders small business loans unavailable to women. Like most women, Jennifer had no property and banks would not lend against a purchase order, even from a global retailer. So, her business stalled out while she waited for the transaction to be completed on the other side of the world. Her government could have helped by providing working capital loans and working with banks to open a path to credit for women…
A good start would be to allocate government procurement to women-owned businesses and to work closely with them through the process of production. In this way both women and governments could gain market experience and practical knowledge. If the two can work together to resolve the numerous challenges facing female entrepreneurs worldwide, an ecosystem that supports trade between women-owned businesses and large international buyers could be fostered on a global scale…
About the Author
Linda Scott is Emeritus DP World Professor of Entrepreneurship and Innovation, University of Oxford. She is also founder of the Global Business Coalition for Women’s Economic Empowerment, a group of eleven major multinationals that work together to initiate, test, and facilitate women’s economic empowerment programs. [J4MB: AKA men’s economic disempowerment programmes.] Scott works with corporations, agencies, governments, and NGOs to design and test programs to economically include women. [J4MB: … and to economically exclude men.]
Professor Scott is the author of The Double X Economy, to be released in spring 2020 by Farrar, Straus & Giroux (United States) and by Faber & Faber (United Kingdom).
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