From Thomas Sowell's "Basic Economics" (2000):
James Cash Penney did not start with a lot of money. He was in fact raised in poverty and began his retail career as just a one-third partner in a store in a little town in Wyoming, at a time when Sears and Montgomery Ward were unchallenged giants of nationwide retailing. Yet his insights into the changing conditions of retailing eventually forced these giants into doing things his way, on pain of extinction. . . . In a later era, a clerk in a J.C. Penney JCP +5.56% store named Sam Walton would learn retailing from the ground up and then put his knowledge and insights to work in his own store, which would eventually expand to become the Wal-Mart WMT +0.27% chain, with sales larger than those of Sears and J.C. Penney combined.
One of the great handicaps of economies run by political authorities, whether under medieval mercantilism or modern communism, is that insights which arise among the masses have no such powerful leverage as to force those in authority to change the way they do things.
"The war against illegal plunder has been fought since the beginning of the world. But how is... legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay ... If such a law is not abolished immediately it will spread, multiply and develop into a system."
-- Frederic Bastiat
Am I a Worm-Eating Bigot? Hate The Sin But Love The Sinner?: Once marriage is no longer defined as the sacred bond between a man and a woman, it no longer exists. All marriages become civil unions, and the moral component disappears. This is the Pandora's Box of societal deconstruction that will be opened.
The Privilege of Not Belonging - A theory of white racism against whites:Thus today's insight: To be white in America is to have the privilege of being able to define one's political identity in terms of one's own superiority, whether real or imagined, over other members of one's own race.
RATS Bailing Out! #Union that supported passage of #Obamacare now calls for its repeal http://feedly.com/k/ZzTnkk
WOW! DHS Helping To Coordinate New York Gun Confiscation http://bit.ly/ZxvWsR
EPIC FAILURE of the Intel Agencies on the Boston Bombing > US homeland security is pretty pitiful! http://bit.ly/ZxqciJ
Torturing English To Avoid Saying ‘Saudi’ [or Muslim or Islam] - Gather the facts and JUST GET 'EM! http://bit.ly/11fHQYH
Government Paying Shrinks $3,000 For Every Veterans Gun They Confiscate > Too Outrageous to Believe? http://feedly.com/k/17Fehpu