What happened? With whom? Why is it entrepreneurial/entrepreneurship?
Population is increasing at an all-time high to where population is no longer sustainable. There are news outlets covering stories about four countries are on the edge of becoming famine. Many individuals that need an organ transplant cannot receive proper treatment due to shortage of organ donors. The entire world has gone over Earth's carbon dioxide limit. One thing individual’s who predict disasters or challenges on humankind fail to estimate is the creativity of humans and entrepreneurial spirit of individuals who see a need or problem and put fourth effort into fixing those problems or reaching those needs. In the documentary movie, They say it can’t be done, throughout the movie it focuses on four main entrepreneurs and their companies they have created to fix real world problems that humankind is facing in the present day but faces many obstacles due to regulation from governmental organizations.
Klaus Lackner is the director of the Center of Negative Carbon Emissions at the University of Arizona. Lackner and his team are developing new technologies at an affordable cost that allows the Center of Negative Carbon Emissions to take CO2 back out of the atmosphere and do something else with CO2 by machines that are like windmill or trees, that blow air over surfaces which are like leaves. The CO2 sticks to these surfaces set in place to store CO2 or Carbon Dioxide.
Joshua Tetrick is the co-founder and CEO of JUST food technology company. Tetrick asked his team of engineers and product developers to design a manufacturing facility that would produce more pounds of meat per minute and per day but without the requirements of having to kill an animal. JUST food technology company does this by taking cells from certain animal and takes the animal cell to the lab to feed the cell nutrients for the cell to proliferate.
Anthony Atala, M.D., founder and director of Regenerative Medicine Clinical Center at Wake Forest Institute and Julie Allikson, director of Regenerative Medicine Clinical Center at Wake Forest Institute, saw that there are 120,000 patients that are patiently waiting for an organ to become available for an organ transplant but there are not enough organ donations for every patient to get the organ they need to survive. Atala and Allikson found a way to make tissue for patients with their own cells and provide the certain body part needed for patient
Phil Cruver is the founder, president, and CEO of Catalina Sea Ranch. Catalina Sea Ranch is the first offshore aquaculture facility in U.S. federal waters. Aquaculture is the intentional growing of marine animal organisms in the ocean, but Catalina Sea Ranch does aquaculture 6 miles offshore of Huntington Beach out in the open waters of the United States and Catalina Sea Ranch has hundred acres of kelp farms that help remove CO2 from fresh water source and provide nutritional food without harmful fertilizer. Catalina Sea Ranch built their own lab to test for two naturally accruing biotoxins that produced by algae in water.
Why is it interesting?
They say it can’t be done documentary movie is interesting because all four of these entrepreneurs face a similar problem when it comes to each entrepreneurial innovations being brought into the world, regulation. In every free economy, there is good regulation. Regulation are laws put in place on government, businesses, and individuals to achieve a certain social goal and reduce risks. But sometimes, regulations don’t always go as planned to fix a problem. Regulations are created to have good intentions and are detailed yet universal information about the external world. The people who implement regulations have very fine and sensitive control, so they make changes to regulations. That leads to problem not being fixed and reoccurring, setting back efficiency and quality. When you try to decide everything collectively, you never get to an agreement.
How does this aspect of entrepreneurship affect society?
The aspect that entrepreneurs are innovating new technologies and products to bring overall changes to society by making the impossible become possible. This aspect of entrepreneurship affects society by new innovations are being made to where an individuals can get things like a bio printed organ, a machine can store CO2, meat made from cells without harm to an animal, and aquaculture farming is a real thing. New innovations can have a positive or negative impact on society, it depends on how society uses that innovation and regulations set in place for the innovation.
How does society stifle/affect/support of entrepreneurship?
In the movie documentary, They say it can’t be done, it discusses over the topics of climate change, world hunger, and organ shortage that all must include society. Society fuels the thought process behind new innovations because without a need/problem that society faces in certain situations, there would be no need for innovation. In the documentary, it discusses about how economists are known to see the “seen and the unseen”. The seen are the products or innovations that are on the market and the unseen are the products or innovations that are not on the market because of too much regulation. You can never reach perfection so there will always be more to improve and more boundaries to be pushed. Society can stifle entrepreneurship by consumers not being able to create a market for the new innovation because consumers and the market are simply not ready for such an innovation.
Interaction between this aspect of entrepreneurship & society of life?
The aspect that entrepreneurs are innovating new technologies and products to bring overall changes to society by making the impossible become possible. But due to society of life, it has become very difficult for new entrepreneurs and innovations to be released to society because of rigorous regulation process that is out of date compared to where our society is at now currently. Our society (older generation) had a set system in place that worked for a different time and society in history but now, society has evolved as a whole and has little to no regulations due to innovation being so new, that there is no department for regulation. They Say It Can't Be Done - Maggie Aguilar