The problem with American entrepreneurship today

You know it is bad when one of the greatest founders of a technology company says the following (from a Fortune interview):

It must be private, never go public. There will be no upside investors other than me and the employees. . . . I hope we can pull it off under those conditions because I would be thrilled to lead another group of smart engineers, without all the crap that goes into running a company today. I just don’t want Congress telling me how much I should be paid or firing me. I want to pretend I am back in the 1980s again.

Scott McNealy – co-founder of Sun Microsystems