The United States is in big trouble when it comes business formation, but that's not a story Wall Street or the White House wants you to hear, says Jim Clifton, CEO of Gallup.
The U.S. ranks 12th among developed nations in business startup activity, trailing Hungary and Italy among others, he writes on Gallup.com.
For the first time since the data began in 1977, the number of businesses closing exceeds the number of startups — 470,000 to 400,000 in 2012, according to the latest Census Bureau numbers.
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Uhhhhh did this guy not go to business school? Businesses are going to fail far more than you will succeed. It's called capitalism dummy.
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