Free-enterprise capitalism is the most powerful system for social cooperation and human progress ever conceived. It is one of the most compelling ideas we humans have ever had. But we can aspire to something even greater.
Democrats inhabit the low shores of Puget Sound, mostly on its eastern side, in a ragged trail of port-cities that stretches from Bellingham, close to the Canadian border, through Everett, Seattle, and Tacoma, to Olympia, the state capital, at the so...
What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more job...
Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest po...
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit mor...
Every spring, this country will be reminded of the Lady from Texas. As trees bloom and flowers carpet our nation's capital, Lady Bird Johnson will be remembered. Only Lady Bird Johnson could, with her vision of a beautiful America, lay claim to sprin...
When we arrived in London, my sadness at leaving Paris was turned into despair. After my long stay in the French capital, huge, ponderous, massive London seemed to me as ugly a thing as man could contrive to make.
Wall Street's outsized influence in our nation's capital is something I've talked about for a long time - long before I even thought about running for office. But where I see a problem - an infestation, really - a lot of others in Washington, both De...
I remember when I was a young social worker, the first time I went to the state capital in Arizona, where I eventually served for seven years, I was so nervous to go and lobby my state legislators. Because I only had a master's degree at the time in ...
A huge dollar bill is the most accurate way to teach children the real motto of the United States: In the Almighty Dollar We Trust... Until the average American realizes that capitalism damages her livelihood while augmenting the livelihoods of the w...
Yeah, we shot ourselves in the foot right out of the gate. The guy who ran it at first misled pretty much everybody about how much capital we had. He said we had enough to go three years without making money, and we had enough to go three weeks.
The big advantage that we have as a venture capital firm over a hedge fund or a mutual fund is we have a 13-year lockup on our money. And so enterprise can go in and out of fashion four different times, and we can go and invest in one of these compan...
In Bombay, we have a fine concert hall. I think it is high time we built venues in Delhi and Calcutta, not only for western music, but also Indian music. It doesn't matter which party is in power; don't you think the capital of India should have a co...
Richard Hannay: How far is Winnipeg from Montreal? Mr. Memory: A gentleman from Canada. You're welcome, sir. Winnipeg, the third city of Canada and the capital of Manitoba. Distance from Montreal: 1424 miles.
We live in capitalism. Its power seems inescapable. So did the divine right of kings. Any human power can be resisted and changed by human beings. Resistance and change often begin in art, and very often in our art, the art of words.
There will soon come an armed contest between capital and labor. They will oppose each other, not with words and arguments, but with shot and shell, gun-powder and cannon. The better classes are tired of the insane howling of the lower strata and the...
Like its agriculture, Africa's markets are highly under-capitalized and inefficient. We know from our work around the continent that transaction costs of reaching the market, and the risks of transacting in rural, agriculture markets, are extremely h...
There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains)...
The problem with capitalism is that "we have a global theology without morality, without a Bible." And that's dangerous, he warns - "we're not going to be able to exist in a global context if we are the bastards of our business.
Neoclassical economics is precisely the theory one would expect a vastly complex system of international corporations, world markets, and interconnected currencies to create to sustain, justify, explain, and predict "itself." And classical economics,...
Ignore ignorance. The ultimate way to deal with men with ignorant mentality who are ignorance of your purpose on earth is to ignore their ignorance; capitalize on their ignorance and let them appreciate your purpose in awe and admiration
