A Quote by William Graham Sumner
The great hindrance to the development of this continent has lain in the lack of capital.
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The great hinderance to the development of this continent has lain in the lack of capital.
This is a great continent. I went to primary school on this continent, secondary school, university. I've worked on this continent, and I think that it's a great disservice that, for whatever reason, people have usurped an imagery of Africa that is absolutely incorrect.
I want to deal with the homeless situation here in Washington, D.C. I think it is a travesty that we've got men - and increasingly women - families, across the street and the in shadow of this great capital, that shows a lack of concern, not just for the capital, but for American, when we are allowing something like that to happen.
The key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. The ladder of development hovers overhead, and the poorest of the poor are stuck beneath it. They lack the minimum amount of capital necessary to get a foothold, and therefore need a boost up to the first rung.
We have demolished the biggest hindrance to the development of Uttar Pradesh - the menace of casteism and dynastic politics. The epicentre of development is now villages, poor, farmers, youth, women, traders, and, in fact, every section of the society.
The good diarist writes either for himself alone or for a posterity so distant that it can safely hear every secret and justly weigh every motive. For such an audience there is need neither of affectation nor of restraint. Sincerity is what they ask, detail, and volume; skill with the pen comes in conveniently, but brilliance is not necessary; genius is a hindrance even; and should you know your business and do it manfully, posterity will let you off mixing with great men, reporting famous affairs, or having lain with the first ladies in the land.
China surely must be interested in a more stable, non-antagonistic relationship with the African continent precisely because of its own needs. And therefore would have to say in our own interests, as China, it is necessary that we participate in the process of the development of the African continent.
The single most important hindrance to world evangelization right now is the lack of total involvement by the body of Christ.
Great leadership and great companies aren't built overnight, and they're not built without capital. And capital can sometimes be counter-productive to building a great culture.
Morality makes stupid.- Custom represents the experiences of men of earlier times as to what they supposed useful and harmful - but the sense for custom (morality) applies, not to these experiences as such, but to the age, the sanctity, the indiscussability of the custom. And so this feeling is a hindrance to the acquisition of new experiences and the correction of customs: that is to say, morality is a hindrance to the development of new and better customs: it makes stupid.
Access to capital is important for all firms, but it's particularly vital for startups and young firms, which often lack a sufficient stream of earnings to increase employment and internally finance capital spending.
I admit that one should never underestimate the capacity of banks to destroy enormous amounts of accumulated capital and reduce, temporarily, the supply. After all, capital is the accumulated savings of mankind. And banks are great masters in destroying enormous amounts of capital with great regularity.
You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better.
In my International Development Scheme, I propose that the profits of this industrial development should go first to pay the interest and principal of foreign capital invested in it; second to give high wages to labor; and third to improve or extend the machinery of production.
New York [cannot] remain the center of commerce and capital for this continent, unless it has an independent bar and an honest judiciary.
You see, nature will do exactly what it must, and if we are a hindrance to its development, to even its destructive powers to reform itself and we are in a way, we will go.
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