Happy 4th of July Everyone!
Jul 03
Jul 03
There’s an interesting article about the rich and capitalism written by Ziad K. Abdelnour which can be read in full HERE.
Here’s an excerpt:
This is the other secret of the richest among us, and of capitalism itself. Under capitalism, wealth is less a stock of goods than a flow of ideas. Economist Joseph Schumpeter propounded the basic rule when he declared capitalism “a form of change” that “never can be stationary.” The landscape of capitalism may seem solid and settled and ready for seizure, but capitalism is really a mindscape.
Volatile and shifting ideas, and the human beings behind them– not heavy and entrenched establishments — are the source of our nation’s wealth. There is no bureaucratic net or tax web that can catch the fleeting thoughts of the greatest entrepreneurs of our past. Or future.
In this mindscape of capitalism, all riches finally fall into the gap between thoughts and things.
Read More