Innovation US economic concentration is at an all-time high, while US entrepreneurial ship is at an all-time low – generational empirics prove.Derek Thompson 16,senior editor @ The Atlantic, where he writes about economics, labor markets, and the media. “America's Monopoly Problem.” The Atlantic, Atlantic Media Company, 11 Sept. 2016, , NGEntrepreneurship, as measured by the rate of new-business formation, has declined in each decade since the 1970s, andadults under 35 (a k a Millennials) areon track to be the least entrepreneurial generation on record.Thisdeclinein dynamism has coincided with the rise ofextraordinarily large and profitable firms that look discomfortingly like the monopoliesand oligopoliesof the 19th century. American strip mallsand yellow pages used to brim with new small businesses. But today, in a lot whereseveral mom-and-pop shops mightonce have opened, Walmart spawns another superstore.In almost every sector of the economy—including manufacturing, construction, retail, and the entire service sector—the big companies are getting bigger.The share of all businesses that are new firms, meanwhile, has fallen by 50 percent since 1978. According to the Roosevelt Institute, a liberal think tank dedicated to advancing the ideals of Franklin and Eleanor Roosevelt, “markets are now more concentrated and less competitivethan at any point since the Gilded Age.” Universal basic income is key to financial security.Scott Santens 16,“Universal Basic Income Will Accelerate Innovation by Reducing Our Fear of Failure.” Medium, Basic Income, 30 Nov. 2016, medium.com/basic-income/universal-basic-income-will-accelerate-innovation-by-reducing-our-fear-of-failure-b81ee65a254. If everyone receivedas an absolute minimum, a sufficientamount of money each month to covertheir basic needsfor that month no matter what—an unconditional basic income—then thefear of hunger and homelessness is eliminated.It’s gone. And with it, the risks of failureconsidered too steepto take a chanceon something. But the effects of basic income don’t stop with a reduction of risk. Basic income isalso basic capital. It enables morepeople toactually afford to create a new productor service instead of just think about it, and even better, it enables people to bethe consumerswho purchase those new products and services, and in so doing decide what succeeds and what fails through an even more widely distributed and further decentralized free market system. Suchmarket effects have even been observed inuniversal basic income experiments in Namibiaand Indiawhere local markets flourished thanks toa tripling of entrepreneurs and the enabling of everyone to be a consumer witha minimum amount of buying power.