Actually, many of the entrepreneurs I've backed don't have any formal education. The Fredericks Foundation, of which I'm a huge fan, is run by a leading entrepreneur and backs those people at the bottom of society, giving them micro-loans to get them back on track as micro-entrepreneurs, moving them from a cost to society to a taxable source of revenue.

The more we argue for our limitations, the more we are limited by them. If government were forced to downsize, the vacuum created would be filled by volunteers, community groups, private business, religious groups, student organisations and individuals.

We have a choice: do we want to have the richest poor people in the world? Or do we want to encourage greatness in those poor people, and know that some people, by dint of their natural smarts, hard work, mentors and good luck, will overcome tremendous odds to make huge contributions and become successful. The world is full of opportunity.

I believe that the economic growth that we are starting to feel will be led by entrepreneurs. They are the engine of society and they drive our collective revenue line. We must not burden them with so much tax and bureaucracy that they slow down, or so much cost that regardless of how much revenue they create, there is always more cost than revenue, leaving us perpetually in the red.

The more we encourage people to believe that the government will sort out their problems and all problems, the more feudal a society we become. We have a choice at the election: do we believe in our own abilities, and are we accountable for ourselves? Will we help others believe and accept accountability too? I know which side of history I want to be on.

Julie Meyer is CEO of Ariadne Capital.