Economists continue to debate the extent to which free markets are truly efficient.
It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.
Beyond that, it seems to me that free markets are not that efficient at all.
People who can’t spell a word in more than one way are dumb.
— W. C. Fields
I stumbled upon this quote early in my career and have had the opportunity to recite it countless times. I taught high school for two years right out of college and the students were merciless. I moved on to teaching at the college level for many more years where the students were more forgiving but no less astute. Then I made the move to corporate America where, as a business professional, there no end to the opportunities to make presentations or take notes at the whiteboard. Despite my passionate commitment to correct spelling and grammar an occasional misspelling in front of the class or a typo in the PowerPoint deck is inevitable.
Here is where our old friend W.C. Fields comes to the rescue. After discovering a spelling mistake in front of a group of people I simply recite his pearl of wisdom, wait for the mild aknowledgement of smiles, and move on. No need to have your confidence shaken or allow the audience to derail your message. Just move on quickly with wit and aplomb.
The aphorism plays equally well from the audience as it does from the podium. It is a great way to help a presenter through a rough spot if they become unnerved by a typo.
These people aren’t protesting money. They’re not protesting banking. They’re protesting corruption on Wall Street.
Matt Taibbi finally articulated what I have been trying to find words for. I don’t begrudge Wall Street, or anyone, their good fortune (I seek the same good fortune). I just begrudge the way a few people have rigged the system in their favor.
When you live in times of authoritarian rule one of the first things that end up in the cross hairs is culture. We believe firmly that artists and writers and dramatists and actors and musicians play a vital role in defending the integrity of who we are as human beings.
— Jeremy Scahill, on the Trump’s Cabinet of Killers and Why Orange is the New Anti-Black episode of The Intercepted.
I have never been more grateful for organizations like the ACLU and the plethora of lawyers we have in this country. Likewise, I am inspired by the power of our marches and protests as we stand up for our values. But, in addition to the direct tangible actions we can take, we also need a 100 million voices writing and singing and laughing and, in general, sounding our barbaric yawps over the roofs of the world.
Growth for the sake of growth is the ideology of the cancer cell.
Perhaps it is my natural temperament to do things deliberately and with purpose (after all, it is the tortoise who wins the race). Maybe it is my persistent skepticism. Quite possibly it is an outgrowth of my intuitive personality type (INTJ). Whatever the reason, I have always been resistant to Wall Street’s incessant demand for growth from public companies.
The greatest obstacle to discovering the shape of the earth, the continents and the ocean was not ignorance but the illusion of knowledge.
— Daniel Boorstin
To really appreciate the profundity of this quote you have to think back to Galileo (1564 – 1642) and his epic battle with the Roman Catholic church over the nature of our solar system. Although Copernicus (1473 – 1543) had developed the heliocentric theory a hundred years earlier, the “prevailing wisdom” maintained that the earth was at rest at the center of the universe while the sun and the planets revolved around it.
But Galileo had a telescope — and became convinced that Copernicus was right. He championed the sun-centric “theory” at great personal risk. He was declared a heretic, forced to recant, and spent the last years of his life under house arrest. The church did not lift its ban on the general prohibition against works advocating heliocentrism until 1758.
. . . those who can soar to the highest heights can also plunge to the deepest depths, and the natures which suffer most sharply are those which also enjoy most keenly.
— Lucy Maud Montgomery, Ann of the Island
I grew up in a home where showing emotions was not encouraged. As I set out on my own I was proud of my ability to maintain an even keel. But as time wore on I came to realize that holding my emotions in check was just a cloak for numbness. A dear friend offered me this quote and I was suddenly free.
In order to soar to emotional heights I had to allow myself the possibility of plunging to the deepest depths. Goodbye even keel. I learned to embrace the lows and reveled in the highs. Sometimes you have to live with the rain. But when the sun eventually comes out — and it always does — the warmth and the light are more glorious than ever.