A Quote by Ted Malloch
Capitalism is about the mutual creation of wealth rather than the pillaging of it.
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The world is full of people who want their ears tickled on strategies for wealth creation and protection and so-called revealed secrets to wealth creation. And there are plenty of slick 'business coaches' who are more than willing to do just that - for a fee. This is the world of the seminar guru.
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
We have to be as passionate about wealth creation, skills, life chances and world class education as we are about wealth distribution.
I think the thing about capitalism is it's an evil necessity, capitalism. Communism has been tried and failed, and socialism, that doesn't work very well. Capitalism works, but the problem about capitalism is it does mean that a few individuals become very wealthy. Therefore, I think those individuals have enormous responsibility to redistribute that wealth either by creating new businesses or creating new jobs and making sure that money just doesn't lie in a bank account for future generations.
The market economy is very good at wealth creation but not perfect at all about wealth distribution.
Fair tax does not mean we don't want to encourage wealth creation. Wealth creation is how we raise the money to pay for world class schools and hospitals, for proper care of the weak, and dignity for the elderly.
But I'd rather help than watch. I'd rather have a heart than a mind. I'd rather expose too much than too little. I'd rather say hello to strangers than be afraid of them. I would rather know all this about myself than have more money than I need. I'd rather have something to love than a way to impress you.
Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
Capitalism is always in danger of inspiring men to be more concerned about making a living than making a life. We are prone to judge success by the index of our salaries or the size of our automobiles, rather than by the quality of our service and relationship to humanity-thus capitalism can lead to a practical materialism that is as pernicious as the materialism taught by communism.
Creativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
Bottom 10 Percent progressives are not enthusiastic about concentrations of wealth. But that's not what keeps them up at night. Their focus is on deprivation and lack of opportunity. They're motivated by empathy for people who are suffering, rather than outrage over unjustified wealth.
Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.
Nobility of spirit has more to do with simplicity than ostentation, wisdom rather than wealth, commitment rather than ambition.
I don't like the idea of teaching religion in schools, and creation is not my thing, but that's a trivial point compared to saving the creation. I'd much rather have half of the people in the country be creationists and work really hard to save the creation than have everybody be evolutionists and be destroying the planet.
Investing is for wealth preservation, not wealth creation, so first you have to make wealth.
We call it a Society; and go about professing openly the totalest separation, isolation. Our life is not a mutual helpfulness; but rather, cloaked under due laws-of-war, named fair competition and so forth, it is a mutual hostility.
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