Giving Capitalism Its Due … Carl Schramm- The Head of the Kauffman Foundation on the Importance of Entrepreneurship

Posted: April 9, 2009 in Education
Tags: , , , ,

In the Wall Street Journal last week–

http://online.wsj.com/article/SB123879888700588243.html

Schramm argues that “historically through the last seven recessions it’s been entrepreneurs who essentially restarted the economy.”

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Comments
  1. entrepreneurshipeconomist says:

    http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php#comments

    The funny thing is that Carl Schramm is “too big to fail.” He has invented risk-free entrepreneurship by hijacking a $2.5 billion foundation which does not fund innovators nor entrepreneurs (whom/which Mr. Kauffman expressly left the money for), but which increases the sizes of university administrations, funds sycophantic, socialist bloggers who laud Schramm’s insipid writings, while furthering Schramm’s fruitless campaign for a Nobel Prize for socializing entreprnuership and growing government/foundational/MBA/economist bureaucracies to oversee and manage it. While the Fed nationalized the banks, Schramm nationalized the college band on univeristy campuses, giving millions to the state officials overseeing and managing “entreprnuership,” and a couple thousand dollars to bands in business plan competitions.

    The Kauffman Foundation has become a vanity press for Schrammenomics, complete with Web 2.0 technologies which empower an army of sycophantic policy-wonk bloggers which Scramm funds with millions upon millions–the very antithesis and opposite of true entreprneurship. For Schramm is a jealous god, and there shall be none others before him; and that is why he never cites Hayek, nor Mises in his book with the juvenile title: GOOD CAPITALISM, BAD CAPITALISM. Nor does he cite Ayn Rand. One can see that Schramm is hoping to replace the works of Nobel Laureate eocnomists and bestselling authors with his dumbed-down, socialistic views of entrepreneurship, which must be managed by Schramm on a dead-man’s dime.

    Would Schramm have made it on his own as an entrepreneur? The WSJ article states that he founded a Merchant Bank and a Health Care Service. But it gives names for neither. Why is this? And if they were so successful, why does he need Kauffman’s resources to promote and peddle his lackluster books and socialistic philosophies as the eocnomy crumbles because of “too big to fail,” domineering socialists such as himself?

    Check out Deal Breaker and the Kansas City Business Journal:

    http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php#comments
    “It is interesting that Dealbreaker references Carl Shram of the Kauffman Foundation as an authority on ethics. Those of us who live in the Kansas City region know that Carl Schram and been a controversial figure since he was appointed to his post a number of years ago. Board members have resigned in protest of his leadership style and strategic choices. His controversial leadership led to the Missouri Attorney General reviewing the Kauffman Foundation for not staying true to the intent of Ewing Kauffman. The purpose of this review was stated as:

    “In light of the public allegations of a departure from Mr. Kauffman’s intent, lack of appropriate oversight by the Board of Directors, and certain instances of conflicts of interest. ” (http://www.ago.mo.gov/newsreleases/2004/kauffmanreport030404.htm#conclusion)

    See also this editorial from the Kansas City Business Journal (http://www.bizjournals.com/kansascity/stories/2003/09/15/editorial1.html)

    Ewing Kauffman was famous as an ethical leader. Carl Schramm is not.
    –http://dealbreaker.com/2007/05/the-unsurprising-failure-of-et.php#comments

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