Very rich people — in all nations — can be divided into two categories; those with brains and those without. Those with brains make a great effort to… - James A. Michener
" "Very rich people — in all nations — can be divided into two categories; those with brains and those without. Those with brains make a great effort to hold on to every penny they have while preaching to the general population that freedom and dignity and patriotism are possible only under their protection; in this way they elicit the support of the very people they hold in subjection. The magnates of Poland used this tactic brilliantly, preaching loudly: “The most insignificant member of the gentry with one horse and sword is the equal of the most powerful magnate in his castle,” while at the same time depriving landless gentry of almost all rights and treating them with contempt.
About James A. Michener
James Albert Michener (3 February 1907 – 16 October 1997) was an American author of more than 40 titles, the majority of which are novels of sweeping sagas, covering the lives of many generations in a particular geographic locale and incorporating historical facts into the story as well.
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One of the most expensive commodities a nation can have is a cheap labor force. From this a host of consequences leaped forth as inevitable. — If you get labor for almost nothing, you have no incentive to buy expensive tools and the quality of your product will lag behind that of nations who do use the best tools on the market. — If you keep your labor occupied on menial tasks that are best suited to machines, your work force never develops those skills that would earn you more income. — If you employ ten to do the work of one, none of the ten will work to maximum efficiency because each will realize that what he or she does isn’t significant. — If you don’t pay your labor good wages, how can they ever afford to buy what you make? You limit your potential market by 50 percent at least, and if every employer in the region pays the same low wages, your market can vanish altogether. — A nation’s wealth is generated when the money from wages is quickly spread around because this causes more goods to be produced, and real wealth consists in the making and interchange of goods.
And then I made the discovery: ‘Ricardo was wrong. There is no fixed quantum of money in the world, or in any nation. The rich man doesn’t suffer deprivation when labor gets a bigger share, for that larger amount means a bigger total for him.’” — Chapter VII, “Ideas”, page 257-258
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