Great wealth may be to its owner a blessing or a curse. Alas! I fear it is too often the latter. It hardens the heart, blunts the finer susceptibilities, and transforms into a fiend what under more favourable circumstances might have been a human being.
Imagine discovering a continent so vast that it may have no end to its dimensions. Imagine a new world with more resources than all our future greed might exhaust, more opportunities than there will ever be entrepreneurs enough to exploit, and a peculiar kind of real estate that expands with development. Imagine a place where trespassers leave no footprints, where goods can be stolen infinite number of times and yet remain in the possession of their original owners, where business you never heard of can own the history of your personal affairs.
The broadening of the economic order which came to be seated in the individual property owner... dramatized by Jefferson's purchase of the Louisiana Territory... "The supremacy of corporate economic power... consolidated by the Supreme Court decision of 1886 which declared that the Fourteenth Amendment protected the corporation... [the New Deal, leading to], within the political arena, as well as in the corporate world itself, competing centers of power that challenged those of the corporate directors.
Knowledge has no value or use for the solitary owner: to be enjoyed it must be communicated
You obviously don't know what an Old Man of the Sea great wealth is. It is not a fat purse and time to spend it. Its owner finds himself beset on every side, at every hour, wherever he goes, by persistent pleaders, like beggars in Bombay, each demanding that he invest or give away part of his wealth. He becomes suspicious of honest friendship--indeed honest friendship is rarely offered him; those who could have been his friends are too fastidious to be jostled by beggars, too proud to risk being mistaken for one.
I managed the Dodgers for 20 years. It's hard to believe that there are only four guys in the history of baseball who managed the same team for 20 years or more. One was owner of the team, Connie Mack. Another was part owner of the team, John McGraw. Then there was my predecessor, Walter Alston, and me. It's amazing. In the 20 years I managed the Dodgers, 210 managers were fired.
When Nature gives a gorgeous rose, Or yields the simplest fern, She writes this motto on the leaves, "To whom it may concern!" And so it is the poet comes And revels in her bowers, And, though another hold the land, Is owner of the flowers.
It should be up to each bar owner and patron to decide if they want to smoke or not.
Just as the light and weightless vegetation of saltpeter floats over the old walls of houses as soon as the owner gets careless, so the literary vocation springs up in you.
All one's personality is embedded in gloves and hats after they've been good and used. Show me a glove and I'll tell you the character of its owner.
But it is not for the perfect vase or the polished gem to choose their owners.
If nature has been frugal in her gifts and endowments, there is the more need of art to supply her defects. If she has been generous and liberal, know that she still expects industry and application on our part, and revenges herself in proportion to our negligent ingratitude. The richest genius, like the most fertile soil, when uncultivated, shoots up into the rankest weeds; and instead of vines and olives for the pleasure and use of man, produces, to its slothful owner, the most abundant crop of poisons.
One percent of the nation owns a third of the wealth. The rest of the wealth is distributed in such a way as to turn those in the 99 percent against one another: small property owners against the propertyless, black against white, native-born against foreign-born, intellectuals and professionals against the uneducated and the unskilled. These groups have resented one another and warred against one another with such vehemence and violence as to obscure their common position as sharers of leftovers in a very wealthy country.
Not as closely as some of the most ardent fans, but I have some friends who are NASCAR team owners.
Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." ... The public owners seem to have abdicated all claim to control over the paid superintendents of their property.
I never worried about teams who spend what they want to spend. It never bothered me. At the moment we have a lot of Middle Eastern owners, we have American owners of course, Russian owners. It never bothered me one bit. All I was concerned about was that we at United maintained our level of expectation, be competitive, be at the top part of the Premier League.
I thought that, given the system of rewards central to our economic system, in which profit maximization is valued above all else and specifically above life, it is probably just as irresistible to the owners of capital (human or otherwise) to exploit workers (and the land): "Nothing personal," they say as they load their property onto the ship bound for the Middle Passage, "but a man's gotta turn a dime."
Now if you ask me, in conclusion, "Well, what, then should properly be done?" Obviously war, but I mean in regard to this issue I would say: Any way possible permission should be refused and if they go ahead and build it, the government should bomb it out of existence, evacuating it first, with no compensation to any of the property owners involved in this monstrosity.
The produce of the earth - all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community, namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.
Anybody who has ever owned a dog who barked when strangers came near its owner's property has experienced the essential continuity between animal territoriality and human property. Our domesticated cousins of the wolf know, instinctively, that property is no mere social convention or game, but a critically important evolved mechanism for the avoidance of violence. (This makes them smarter than a good many human political theorists.)
So while gun owners are always saying that owning guns is about defending freedom, the only freedom gun owners seem interested in defending with their guns is the freedom to defend their freedom to own guns.
Most libertarians agree that all rights are, in effect, property rights, beginning with this fundamental right to self-ownership and control of one's own life. As owners of their own lives, individuals are completely free to do absolutely anything they wish with them provided, of course, that it doesn't violate the identical right of others whether the people around them approve of what they do or not.
Keep in mind that this appears in the same book of the Bible that approves the death sentence for a child who curses his parents, owners of oxen who injure someone through the owner's negligence, anybody who works or kindles a fire on Sunday, and anyone who has sex with an animal.
I'd like to have a vote on it at the November [owners'] meetings. There's no reason why we can't announce who we intend to sell the team to in conjunction with signing the lease. But it's very important that we sign a lease contemplated by the stadium agreement. We continue to negotiate and hope that this will quickly be resolved.
As for the employees, the payment in stock options revives, somewhat ironically, the old anarchist ideology of self-management of the company, as they are co-owners, co-producers, and co-managers of the firm.
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