A Quote by Jane Addams
The common stock of intellectual enjoyment should not be difficult of access because of the economic position of him who would approach it.
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One of the things that made the Internet so explosive and such an economic and intellectual force is because of the free-market enterprise in a country like the U.S. controlling access to it.
I can't compare myself to Phil Jackson in any way, shape or form. His view on the world and his intellectual approach, I don't have that in common with him.
As to whether those who fit the common meaning of the term "intellectual" should act in the manner that [ Edward] Said prescribes, that's another question. Needless to say, I agree with him that they should, and that they commonly do not.
I certainly want people to read what I've written. Yet, and here's that question of economic position, because I have a secure job, I don't need a wide readership to survive. I'm a participant in the indirect economy, what sociological critic Pierre Bourdieu would call the "economic world reversed." I get "paid" by writing whatever I choose. That's a pretty good position to be in, but I don't pretend for a moment that it is not a privileged one.
Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy us. It's not difficult, but it looks difficult because it's unconventional - it isn't the way things are normally done. We have low overhead, don't have quarterly goals and budgets or a standard personnel system, and our investing is much more concentrated than average. It's simple and common sense.
When Berkshire buys common stock, we approach the transaction as if we were buying into a private business.
When Marx got into a difficult position he would get angry and losing a game would cause him to fly into a rage.
Intellectual freedom is the only guarantee of a scientific - democratic approach to politics, economic development, and culture.
Most cooks would not, for example, prepare an important, elaborate, and difficult dish on the back-burner. Neither should we relegate the cultivation and preparation of happiness for a position where it is both hard to reach and difficult to infuse with new ingredients.
The Church encourages those in power to be truly at the service of the common good of their peoples. She urges financial leaders to take account of ethics and solidarity. And why should they not turn to God to draw inspiration from his designs? In this way, a new political and economic mindset would arise that would help to transform the absolute dichotomy between the economic and social spheres into a healthy symbiosis.
Who would think of buying or selling a private business because of someone's guess on the stock market? The availability of a quotation for your business interest (stock) should always be an asset to be utilized if desired. If it gets silly enough in either direction, you take advantage of it. Its availability should never be turned into a livability whereby its periodic aberrations in turn formulate your judgements.
The reason why access to facilities - and access to public spaces - is so important is because it's much more difficult to go to work, to go to school, to participate in the public marketplace if you can't access bathrooms that make sense for you, that match who you are.
The aggregate capital appears as the capital stock of all individual capitalists combined. This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.
America is the only advanced industrial democracy where people can get sick and languish because they can't afford care. Or where people are blocked in access to the system because they don't have access to insurance, which is only available through certain narrow portals and under certain very restricted conditions. We're the only society that hasn't embraced this idea that no one should go without access to these services, regardless of their financial condition. And no one should be saddled with a lifetime of debt because they have the misfortune of falling ill.
There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
The issue of access to growth capital is common to all entrepreneurs. Any entrepreneur who can demonstrate a credible business model and plan would be able to access to capital.
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