My fav mainstream economist, Ha-Joon Chang, nails it perfectly:

Many people believe that the lack of entrepreneurship is one of the main causes of poverty in
developing countries. However, anyone who is from or has lived for a period in a developing country will know that developing countries are teeming with entrepreneurs. On the streets of poor countries, you will meet men, women, and children of all ages selling everything you can think of, and things that you did not even know could be bought—a place in the queue for the visa section of the American Embassy (sold to you by professional queuers), the right to set up a food stall on a particular corner (perhaps sold by the corrupt local police boss), or even a patch of land to beg from (sold to you by the local thugs).

According to an OECD study, in most developing countries, 30-50 per cent of the non-agricultural workforce is self-employed (the ratio tends to be even higher in agriculture). In some of the poorest countries, the ratio of people working as one-person entrepreneurs can be way above that: 66.9 per cent in Ghana, 75.4 per cent in Bangladesh, and a staggering 88.7 per cent in Benin (see 1 under further reading). In contrast, only 12.8 per cent of the non-agricultural workforce in developed countries is self-employed. In some countries, the ratio does not even reach one in ten: 6.7 per cent in Norway, 7.5 per cent in the USA, and 8.6 per cent in France. So, even excluding the farmers (which would make the ratio even higher), the chance of an average developing country person being an entrepreneur is more than twice that for a developed country person (30 per cent versus 12.8 per cent). The difference is 10 times, if we compare Bangladesh with the USA (7.5 per cent versus 75.4 per cent). And in the most extreme case, the chance of someone from Benin being an entrepreneur is 13 times higher than the equivalent chance for a Norwegian (88.7 per cent versus 6.7 per cent).

We are all entrepreneurs, they tell us. But the truth is little capitals are socially worthless. Nothing of any great social importance can form from dispersed and small capitals. The capitalists have known this for 500 years, and benefited from bigness, massive aggregations wealth and labor. Now they have access to large amounts of social wealth, it's all about you (who has no such access) being an individual (an entrepreneur) just like them. This is identical to the kinds of relationships the Washington Consensus structured between rich and poor countries. Rich countries benefitted from things like industrial policy, but when it came to poor countries, they were told not to have exactly what made rich countries rich, an industrial policy.