The Power of "Entrepreneurial Capitalism"

Carl Schramm, president and CEO of the Kauffman Foundation, recently wrote a column in USA Today on "entrepreneurial capitalism."

Schramm points to economic freedom and the "export of entrepreneurial capitalism" as a means to usher in a new global era of peace.

Schramm adds that entrepreneurial capitalism is rooted in individual invention. Because wealth comes from personal initiative, entrepreneurship can advance human dignity and opportunity.

The good news, according to Schramm, is that nearly every country wants to embrace an entrepreneurial culture.