According to Jim Clifton, chairman and CEO of Gallup, “for the first time in 35 years, American business deaths now outnumber business births.” See here.
Small business startups are being choked off by mountains of taxes and regulations. “Believe it or not, when measured in per-capita terms, socialist countries such as Denmark, Finland, New Zealand and Sweden now have more startups than [Americans] do,” according to Tom Purcell.
“So does Hungary, formerly part of the Soviet bloc, as well as Italy, which hasn’t had many successes in the economic prosperity column since before the Roman Empire collapsed.”
As recently as 2008, American business startups outpaced shuttered businesses by 100,000.
