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From Nick Hanauer To: I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.
My friends and I own a bank. Like you, I have a broad perspective on business and capitalism. And also like you, I have been rewarded obscenely for my success, with a life that the other Multiple homes, my own plane, etc.
But I saw pretty quickly, even back then, that many of my customers, the big department store chains, were already doomed. And on and on. Story Continued Below Bureau of Labor Statistics Realizing that, seeing over the horizon a little faster than the next guy, was the strategic part of my success.
The lucky part was that I had two friends, both immensely talented, who also saw a lot of potential in the web. I was so excited by the potential of the web that I told both Jeffs that I wanted to invest in whatever they launched, big time.
It just happened that the second Jeff—Bezos—called me back first to take up my investment offer.
So I helped underwrite his tiny start-up bookseller. Amazon did somewhat better. Now I own a very large yacht. I was a mediocre student. What sets me apart, I think, is a tolerance for risk and an intuition about what will happen in the future.
Seeing where things are headed is the essence of entrepreneurship. And what do I see in our future now? At the same time that people like you and me are thriving beyond the dreams of any plutocrats in history, the rest of the country—the The divide between the haves and have-nots is getting worse really, really fast.
Inthe top 1 percent controlled about 8 percent of U. The bottom 50 percent shared about 18 percent. Today the top 1 percent share about 20 percent; the bottom 50 percent, just 12 percent. Some inequality is intrinsic to any high-functioning capitalist economy.
The problem is that inequality is at historically high levels and getting worse every day. Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France.
And so I have a message for my fellow filthy rich, for all of us who live in our gated bubble worlds: No society can sustain this kind of rising inequality. You show me a highly unequal society, and I will show you a police state. There are no counterexamples. I know you fellow. And yes, I know there are many of you who are convinced that because you saw a poor kid with an iPhone that one time, inequality is a fiction.Try Our Friends At: The Essay Store.
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This webpage is for Dr. Wheeler's literature students, and it offers introductory survey information concerning the literature of classical China, classical Rome, classical Greece, the Bible as Literature, medieval literature, Renaissance literature, and genre studies.
Jun 26, · I’ve tried. Over the past 14 years, I’ve graduated from high school and college and built a career as a journalist, interviewing some of the most famous people in the country. Tasting Home: Coming of Age in the Kitchen [Judith Newton] on monstermanfilm.com *FREE* shipping on qualifying offers.
If Julia Child had cooked Italian for a gay husband, used sugar to . MARK PAGEL Evolutionary Biologist, Reading University, England. The Limits of Democracy. Some historians think the idea of democracy arose in the Greek soldier-sailors of the 7th to 4th centuries BC who manned the trireme warships.
March (This essay is derived from a talk at the Harvard Computer Society.) You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.