Now that we have finished with the breathless minute-by-minute coverage of the Facebook IPO, perhaps it’s time to step back and think about its implications for politicians and policy-makers.
It is still true that here in America anyone can become a millionaire or even a billionaire. And lots of people want to. I’m not just talking about the inventors or the investors or the employees. I’m also talking about all those everyday Americans who lined up to get a piece of Facebook, or participated in the stock market for the first time, or watched and cheered as the stock opened. All of these people are excited by the opportunity to make money and achieve success. All of them are intrigued and inspired by the story of a boy who had a dream in a dorm room and became a billionaire before he was 30.