This idea of working just to make money or setting up in business just as a means to a livelihood is all wrong...It seems to me absolutely necessary, and in reality a joy, that a young man starting out in the world should be imbued with a desire to benefit mankind and society by his work and service - whether that be in the field of business, law, or something else.
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Finally, when young people who “want to help mankind” come to me asking, “What should I do? I want to reduce poverty, save the world,” and similar noble aspirations at the macro-level, my suggestion is: 1) Never engage in virtue signaling; 2) Never engage in rent-seeking; 3) You must start a business. Put yourself on the line, start a business. Yes, take risk, and if you get rich (which is optional), spend your money generously on others. We need people to take (bounded) risks. The entire idea is to move the descendants of Homo sapiens away from the macro, away from abstract universal aims, away from the kind of social engineering that brings tail risks to society. Doing business will always help (because it brings about economic activity without large-scale risky changes in the economy); institutions (like the aid industry) may help, but they are equally likely to harm (I am being optimistic; I am certain that except for a few most do end up harming). Courage (risk taking) is the highest virtue. We need entrepreneurs.
Finally, when young people who “want to help mankind” come to me asking, “What should I do? I want to reduce poverty, save the world,” and similar noble aspirations at the macro-level, my suggestion is: 1) Never engage in virtue signaling; 2) Never engage in rent-seeking; 3) You must start a business. Put yourself on the line, start a business.
And when I think back to my journey, my past, I think the most important thing for -- and maybe the most important thing for all the young people here -- is to realize that you really can have an impact on the world; you can achieve your dreams. But in order to do so, you have to focus not so much on a title or how much money you’re going to make, you have to focus more on what kind of influence and impact are you going to have on other people’s lives -- what good can you do in the world. Now, that may involve starting a business, but if you want to start a business you should be really excited about the product or the service that you’re making. It shouldn’t just be how much money I can make -- because the business people who I meet who do amazing things, like Bill Gates, who started Microsoft -- they’re usually people who are really interested in what they do and they really think that it can make a difference in people’s lives. If you want to go into government, you shouldn’t just want to be a particular government official. You should want to go into government because you think it can help educate some children, or it can help provide jobs for people who need work. So I think the most important thing for me was when I started thinking more about other people and how I could have an impact in my larger society and community, and wasn’t just thinking about myself. That’s when I think your dreams can really take off -- because if you’re only thinking about you, then your world is small; if you‘re thinking about others, then your world gets bigger.
I want to see the ranks of employers throw up a man who will lead his men, making it the principal task of his life to be the mediator in all subjects affecting their work, whilst standing up, as he is entitled to do, for the order he represents. There can be no finer career for a young man than to go into business, not with the object only of making a fortune...but with the idea of making his contribution towards getting the whole of these relations on a firmer footing. There can be no finer work for men who, as boys, went out to France, and learnt what a British regiment was, than to try and get something of the spirit of the British regiment into their industry.
I think everybody should have a job, and the Government should see that they get a job. That WPA deal, that was a darn good idea. I was one of the lucky guys that didn’t need it, but this is what I believe. Everybody should work, but do what they want. I don’t mean this as a communist thing, maybe it’s socialism, I don’t know. Like I’m a musician. Just pay me to do concerts for nothin’. Let people listen for nothing. The Government should work something out so people have something to do. There are so many things to be done in these cities. You feel much better if you’re workin’ instead of gettin’ a handout. You’ll get self-respect, which is number one. Drama, dancing schools, musicians. . .. You could give guys like me jobs as teachers, to teach jazz. So you perpetuate what I’ve learned in my lifetime. You could give that to some younger person and let them carry on, make their own choice, but at least they’d have the background. It’s like studying history. It’s like being part of history. . . .
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