It’s not all doom and gloom

In some ways at least, there’s never been a better time to launch a start-up, says Matthew Lynn. The government should help.

Walt Disney found cheer in a depression © Getty

If you need to while away some time while on lockdown, here’s a quiz question. What do the following businesses have in common: IBM, Disney, Uber? The answer is simple – they were all founded during a deep recession. For a long time, economic historians have noticed that even when business conditions are at their toughest, a few smart entrepreneurs can still find a way to launch a new company. As the world goes into what may easily turn into the deepest downturn for 100 years or more, could that be true this time too?

Inspiration in adversity

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.