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  The 'Cannibalization' of Entrepreneurship The Ewing Marion Kauffman Foundation, a non-profit that supports entrepreneurship, has a new report out by Paul Kedrosky and Dane Stangler headlined "Financialization and Its Entrepreneurial Consequences." According to the foundation's press release about the study, the growing size of the financial industry in America "potentially suppressed entrepreneurship." The release quotes Mr. Kedrosky as saying that the financial companies were hiring people who otherwise might have started their own companies. "The financial services industry's steady rise has had a cannibalizing effect on entrepreneurship in the U.S. economy," he is quoted as saying. "Excessive financialization exacerbated and distorted the flow of capital in the economy, potentially suppressing entrepreneurship by drawing away entrepreneurial talent." The 'Cannibalization' of Entrepreneurship The Ewing Marion Kauffman Foundation, a non-profit that supports entrepreneurship, has a new report out by Paul Kedrosky and Dane Stangler headlined "Financialization and Its Entrepreneurial Consequences." According to the foundation's press release about the study, the growing size of the financial industry in America "potentially suppressed entrepreneurship." The release quotes Mr. Kedrosky as saying that the financial companies were hiring people who otherwise might have started their own companies. "The financial services industry's steady rise has had a cannibalizing effect on entrepreneurship in the U.S. economy," he is quoted as saying. "Excessive financialization exacerbated and distorted the flow of capital in the economy, potentially suppressing entrepreneurship by drawing away entrepreneurial talent."
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