The welfare culture tells the man he is not a necessary part of the family; he feels dispensable, his wife knows he is dispensable, his children sense it.
Activity and creativity almost always flow to the least regulated arena.
Capitalism begins with giving.
Real poverty is less a state of income than a state of mind.
The key role of entrepreneurs, like the most crucial role of scientists, is not to fill in the gaps in an existing market or theory, but to generate entirely new markets or theories. . .They stand before a canvas as empty as any painter's; a page as blank as any poet's.
When capitalists are thwarted, deflected, or dispossessed, the generals and politicians,... and socialist intellectuals, are always amazed at how quickly the great physical means of production - the contested tokens of wealth and resources of nature - dissolve into so much scrap, ruined concrete, snarled wire, and wilderness.
A culture that does not aspire to the divine becomes obsessed with the fascination of evil, reveling in the frivolous, the depraved, and the bestial.
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.
A successful economy depends on the proliferation of the rich, on creating a large class of risk-taking men who are willing to shun the easy channels of a comfortable life in order to create new enterprise, win huge profits, and invest them again.
Entrepreneurial knowledge has little to do with certified expertise, advanced degrees, or the learning of establishment schools. The fashionably educated and cultivated spurn the kind of fanatically focused learning commanded by the innovators. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard.
The first priority of any serious program against poverty is to strengthen the male role in poor families.
The belief that all wealth comes from stealing is popular in prisons and at Harvard.
Unlike femininity, relaxed masculinity is at bottom empty, a limp nullity. While the female body is full of internal potentiality, the male is internally barren. Manhood at the most basic level can be validated and expressed only in action.
Quality is abundant. Time is the new scarcity.
[Successful] projects that entrepreneurs initiated and carried through had one essential quality. All had been thoroughly contemplated by the regnant experts and dominant companies, with their large research staffs and financial resources, and had been judged too difficult, untimely, risky, expensive and unprofitable.
Welfare now erodes work and family and thus keeps poor people poor. Accompanying welfare is an ideology - sustaining a whole system of federal and state bureaucracies - that also operates to destroy their faith. The ideology takes the form of false theories of discrimination and spurious claims of racism and sexism as the dominant forces in the lives of the poor.
Television is not vulgar because people are vulgar; it is vulgar because people are similar in their prurient interests and sharply differentiated in their civilized concerns.
Capitalism offers nothing but frustrations and rebuffs to those who wish - because of claimed superiority of intelligence, birth, credentials, or ideals - to get without giving, to take without risking, to profit without sacrifice, to be exalted without humbling themselves to understand others and meet their needs.
Most of America's leading entrepreneurs are bound to the masts of their fortunes. They are allowed to keep their wealth only as long as they invest it in others. In a real sense, they can keep only what they give away. It has been given to others in the form of investments. It is embodied in a vast web of enterprises that retains its worth only through constant work and sacrifice. Capitalism is a system that begins not with taking but with giving to others.
Hatred of producers of wealth still flourishes and has become, in fact, the racism of the intelligentsia.
Wealth usually comes from doing what other people find insufferably boring.
The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.
A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge
Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities.
If government could create jobs and raise children, socialism would have worked.
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