Governments are interested, not only in promoting private entrepreneurship, but in becoming more entrepreneurial themselves. At the same time, regulatory bodies have been sharply criticized for allowing too much creativity and experimentation (e.g., in the use of financial derivatives), and are being urged to stick to more conventional regulatory models." (Klein, McGahan, Mahoney, and Pitelis, 2009)
It is additionally and importantly noted in the work of Klein, McGahan, Mahoney, and Pitelis (2009) that specific mechanisms including those of "...majority voting, arbitration, and consensus-building may lead to the identification of public interests that are flawed in the sense that the expression of the interest does not reflect an underlying reality of alignment." (2009, p.3) Therefore, it must be understood that indicated is that government finance of entrepreneurship will always fail to meet the mark of what arises form the 'spontaneous order' that characterizes the environment of entrepreneurship, in that this is a highly unpredictable phenomenon and one that would be difficult if not impossible to predict therefore the same could be said of the attempt to finance this much needed entrepreneurship in times of economic crisis.
Entrepreneurship arose during the Dotcom boom and it is this that ultimately has spared the entire loss of those years in that the advances made in web applications that are today highly useful and which serve to enable endless business negotiations across the Internet such as XML which is stated to have "created an environment for XML to be the standard for sharing data and applications and this will have a profound and lasting impact on e-commerce." (Campbell, nd p. 8) The question is posed whether that which "motivated everyone to act, react, and respond in such frenzied group-driven madness..." was necessarily "the nature of the dot.com debacle and a necessary evil or it if might be possible "that every renaissance involving 'new' ideas causes the same chaos?" (Campbell, nd, p. 8) Furthermore, the Dotcom era "really matured engine search engine technology." (Campbell, nd, p. 9)
It is noted that many of the features of real-world markets "which appear, from a perfectly competitive-ideal perspective to be direct evidence...
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