While risk aversion is certainly a factor, that tiny sliver of formal ownership shows that there are considerable structural impediments facing potential entrepreneurs.
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Today, it is commonly admitted that the Asia-Pacific region keeps a formidable potential for structural growth.
"It wants to be an arch, " he would reply, making the brick's structural logic and expressive potential immediately and magically clear to anyone who heard him.
But it is in Europe where the potential gains from structural reforms are greatest and where the policy focus has nonetheless been overwhelmingly on austerity.
Many countries in Europe, especially in the south, need deep and prolonged structural reforms to enhance their growth potential.
Jong-Wha Lee and Kiseok Hong of the Asian Development Bank project that if China continues its structural reforms, it has the potential to grow at 7 percent in 2011-2020 and 6.23 percent in 2021-2030.
He also recommended that the next round of structural funds prioritises actions which have the potential to have a transformational social and economic impact on Wales in generating jobs at all levels and sustainable growth.
But Mr. King also had a further message for politicians that some would argue he should have spelt out much more clearly before now: that the only sure-fire way to boost the long-term growth of an economy lies in structural overhauls designed to boost competitiveness and the supply potential of the economy.
In Europe, economists at the European Commission, the EU's executive arm, produce official estimates of the gap between actual and potential GDP that are crucial for calculating the structural deficit.
And not all European unemployment is structural some is caused by economies operating below full potential.
We need to be sure that any of the currently proposed structural changes will actually have the desired effect of strengthening the potential of our small businesses.
"India has considerable potential, but its future performance relies on resolving contentious structural and policy issues that inhibit investment, " said the bank.
The country's central bank said in a report on Monday that Sweden's banks are financially strong but must continue reducing structural liquidity risks and ensure they have enough capital to deal with potential future losses.
The IMF notes that countries that responded to past crises with aggressive monetary and fiscal stimulus, structural reforms and rapid repair of their financial systems limited the loss of potential.
The structural report by Santia Asbestos Management Limited in October said the asbestos posed a potential health risk, and the union Unison said demolition was the safest option for staff and pupils.
BBC: Asbestos: Cwmcarn school repairs could cost up to ?1.5m
Our potential growth rate will be even slower, unemployment will be higher, and the structural hole in the public finances will be even larger, requiring the government to impose even greater tax rises and spending cuts to bring the national debt onto a downward path.
There have been some positive developments over the last week: a new potential government in Italy, a new government in Greece -- both committed to applying the sort internal structural reform that can give markets more confidence.
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