The optimistic case is that this will persist. People had expected the rate of american entreponeship to be back to its normal level by now, and in fact it's still pretty high. So that does suggest there is perhaps a more permanent shift under way. I men bear in mind that what was happening before the pandani was this steady decline in entrepeneship across the rich world. And so if this does injure, it would be actually pretty good a news from an economic standpoint. All right, calam. What does this mean for the global economy? i guess you can think of it in tims of creative destruction,. Just as a shorthand essentially, the idea being

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