A Quote by Steve Largent
What you see happening right now with some of the consolidation is all about more spectrum and capital formation that give you the scale, scope and resources to invest in that 3G world.
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The better side of Wall Street is when it is acting as an efficient mechanism of capital formation and capital flow, which helps businesses invest.
We are moving rapidly from an era of an oligopoly of content providers to an oligopoly of content controllers: new choke points. This is not media consolidation in the traditional sense, where a few huge conglomerates used economies of scale to dominate journalism by dominating the local and national agendas. This consolidation, to a very few companies plus increasing government intervention, is even more dangerous - and information providers of all kinds are finally starting to grasp what’s happening.
I mean, there are some amazing storytelling being done on the small screen right now. That's what so cool about being in television right now. Studios, networks are starting to throw more resources, better writers, more production values... and to be part of that is awesome.
When you care about perfection, you care about an expectation. But there is also caring for where I am right now, for what's happening right now. When I spend time with students, they tell me that they've read something in a book or heard something from a teacher that they don't think they're living up to. And I tell them, “Take care of yourself right now. Befriend what's happening, not just who you're supposed to be or what the world should be like. This is where you are now. So how do you care for yourself this minute?
I ask two questions when I am confronting life on a moment to moment basis when something important is happening. (1) What is factually happening right now? (2) What does my soul know about this and want me to know about this? It is amazing that when I give myself 20-25 seconds to seriously consider these questions, almost instantly I will arrive at a deeper awareness and a richer understanding of what is happening right now - from the soul's level of awareness.
Here I am, a product of something really vicious, product of the Atlantic slave trade. And yet, I give nary a thought to some of the awful things happening right now in the world.
Think on a 50-year scale, which is a much more natural time-scale for global warming. The US is right now spending about 200 million dollars annually on research into renewable energy.
Unfortunately, 'climate' has become a dirty word - obviously in politics, but even to some degree in my world, in venture capital. People hesitate if they see something that's purported to be green. That's not a reason to invest for many people.
As the property market is very steep right now I think people should invest their capital in a mix of equity and debt instruments, through reputed mutual funds and maybe some in gold and silver. Regular savings are very very important.
One of the hardest things to do is to get capital. That's where we, as black business, struggles. And the other place we struggle is scale, and because we don't have an access to capital, we cannot scale.
I always had an existential crisis, trying to figure out ‘what does it all mean?’ I came to the conclusion that if we can advance the knowledge of the world, if we can expand the scope and scale of consciousness, then, we’re better able to ask the right questions and become more enlightened. That’s the only way to move forward.
The information revolution has changed people's perception of wealth. We originally said that land was wealth. Then we thought it was industrial production. Now we realize it's intellectual capital. The market is showing us that intellectual capital is far more important that money. This is a major change in the way the world works. the same thing that happened to the farmers during the Industrial Revolution is now happening to people in industry as we move into the information age.
In the pre-capitalist world, everyone had a place. It might not have been a very nice place, even maybe a horrible place, but at least they had some place in the spectrum of the society and they had some kind of a right to live in the place. Now that's inconsistent with capitalism, which denies the right to live. You have only the right to remain on the labour market.
The question is: do we pay a little bit more now? Or do we pay a whole lot later? For the equivalent of a postage stamp a day for each American, we can put a price on carbon today that will send a signal to private capital to invest in the clean technologies of tomorrow. Taking a vast portfolio of new energy solutions to scale will ultimately drive down costs through competition.
If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.
There's a lot of disputes around the world, a lot of territorial conflicts around the world. But Israel is the only country in the world whose capital is not recognized. I don't think the United States recognizing Jerusalem as a capital will prevent any sort of peace agreement from happening in the future. It's not actually a sensible argument. What it will do is it will right a historic wrong. Something that should have happened 69 years ago will finally happen. And then we have to get about the process of trying to advance peace between the parties.
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