Saturday, October 1, 2011

American Chemical Society Mostly on Right Track in Promoting Entrepreneurship

In the September issue of Chemical and Engineering News, there is an article, "Creating Jobs for Chemists" by Rudy Baum, the socialistic editor-in-chief of C&E News.

Rudy reports that a Presidential Task Force of the American Chemical Society addressed the problem of employment. They concluded that as many as 100,000 new jobs for chemists could be created in the next 20 years by primarily helping entrepreneurs.

The Task Force suggested the following four action points for the ACS.

1. Give financial support to entrepreneurs.

2. Pressure government to improve the business environment for entrepreneurs and startup companies.

3. Promote entrepreneurship with academic institutions.

4. Promote public awareness of the value of early-stage entrepreneurship and chemical enterprises.

With Rudy Baum's leftist philosophy, he must have found it difficult to write this article, because it advocates entrepreneurship while he is a believer in government operations. However, he works for the ACS and as the ACS Administration outlined these requirements, Rudy must conform if he wants to hold his job.

I personally like three of the four points, providing they are not overdone. I'm opposed to any financial ACS help to entrepreneurs, because it smacks of socialism. Members and advertisers will be paying the cost, whether they like it or not.

The other three promotions must be kept within bounds. C&E News is a magazine which is intended for such promotion. However, if the ACS plans a major advertising campaign outside its traditional house organ (C&E News), I am against it.

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