Less Savings, Less Entry

So I went to the bank to see what they could do
They said, sir, bad luck's got a hold on you
--Simply Red

This missive proposes that secular decline in new firm entries is due in large part to declining savings. These pages have frequently put forth similar arguments.

As savings decline, less production is set aside to fund productivity improvement projects. Capital is consumed, and there is less available for entrepreneurs seeking to build businesses.

Most monetary and fiscal policies today encourage capital consumption, allowing the big to get bigger and raising barriers to entrepreneurial entry.