A Quote by Ludwig von Mises
The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.
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Business is the most powerful force in society. It has the highest potential for solving social problems. Once consumers saw examples of prosperous companies integrating social concerns into their business practices, they were emboldened to demand the same of other businesses. Businesses could no longer say it was impossible.
When my mother was young, only two professions were open to women ; teaching and nursing. She chose nursing, but the teaching profession was full of talented women like her, confined there in part because they had few career options.
If old consumers were assumed to be passive, then new consumers are active. If old consumers were predictable and stayed where you told them, then new consumers are migratory, showing a declining loyalty to networks or media. If old consumers were isolated individuals, then new consumers are more socially connected. If the work of media consumers was once silent and invisible, then new consumers are now noisy and public.
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.
By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.
The struggles to overturn colonial rule were long and often bitter. But, over time, most were inevitably successful.
Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition will acquire more capital to increase their production still further; those who are least successful will be forced out of the field. So capitalist production tends constantly to be drawn into the hands of the most efficient.
Some of our most successful businessmen in US grew up in orphanages. They were well treated, and they learned discipline. They learned right or wrong, and they have wonderful careers.
On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction; it can never improve it.
My parents, despite their serious attitude toward life in general, and that of their children in particular, were very broadminded people. There was no such thing as a bad profession for them. As I was their daughter, they knew that, whatever profession I chose, I would do it well. That was enough for them. There was always trust among the Kellys.
A distinguished clergyman told me that he chose the profession of a clergyman because it afforded the most leisure for literary pursuits. I would recommend to him the profession of a governor.
The reason why the Wright brothers were successful wasn't because they had the most resources, but because they understood how invention works. You have to iterate quickly, and you should be prepared to fail. Because things often don't go as planned.
Measured by the standards of men of their time, [the Pilgrims] were the humble of the earth. Measured by later accomplishments, they were the mighty. In appearance weak and persecuted they came -- rejected, despised -- an insignificant band; in reality strong and independent, a mighty host of whom the world was not worthy destined to free mankind.
Empathically accurate perceivers are those who are consistently good at 'reading' other people's thoughts and feelings. All else being equal, they are likely to be the most tactful advisors, the most diplomatic officials, the most effective negotiators, the most electable politicians, the most productive salespersons, the most successful teachers, and the most insightful therapists.
The most successful entrepreneurs tell you they have a great team. Lots of small-business owners let ego get in the way. Many people helped me along the way. You've got to remember the people who were loyal to you, and don't forget them when you become successful.
At one point of time, most of my films were successful, so I could have launched a production house. But had I done that, I would not have grown as an actor.
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