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The generation that destroys the environment is not the generation that pays the price. That is the problem.
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Wangari Maathai
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Let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans, born in this century, tempered by war, disciplined by a hard and bitter peace, proud of our ancient heritage, and unwilling to witness or permit the slow undoing of those human rights to which this nation has always been committed, and to which we are committed today at home and around the world. Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty.
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John F. Kennedy
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Know what the problem with your generation is? You refuse to understand that love has a price. That’s what makes it significant, pungent, rich. It costs you anger, jealousy, heartbreak, time, money, health…
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L.J. Shen (Broken Knight (All Saints High, #2))
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sufferers of depression, who can elect to keep their feelings private, experience chronic, unremitting emotional alienation. Each moment spent “passing” as normal deepens the sense of disconnection generated by depression in the first instance. In this regard, depression stands as a nearly pure case of impression-management. For depressed individuals, the social requirement to “put on a happy face” requires subjugation of an especially intense inner experience. Yet, nearly unbelievably, many severely depressed people “pull off the act” for long periods of time. The price of the performance is to further exacerbate a life condition that already seems impossibly painful
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David A. Karp
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The same sensitivity that opens artists to Being also makes them vulnerable to the dark powers of non-Being. It is no accident that many creative people--including Dante, Pascal, Goethe, Nietzsche, Kierkegaard, Beethoven, Rilke, Blake, and Van Gogh--struggled with depression, anxiety, and despair. They paid a heavy price to wrest their gifts from the clutches of non-Being. But this is what true artists do: they make their own frayed lives the cable for the surges of power generated in the creative force fields of Being and non-Being. (Beyond Religion, p. 124)
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David N. Elkins
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The problem is that white people see racism as conscious hate, when racism is bigger than that. Racism is a complex system of social and political levers and pulleys set up generations ago to continue working on the behalf of whites at other people’s expense, whether whites know/like it or not. Racism is an insidious cultural disease. It is so insidious that it doesn’t care if you are a white person who likes black people; it’s still going to find a way to infect how you deal with people who don’t look like you. Yes, racism looks like hate, but hate is just one manifestation. Privilege is another. Access is another. Ignorance is another. Apathy is another. And so on. So while I agree with people who say no one is born racist, it remains a powerful system that we’re immediately born into. It’s like being born into air: you take it in as soon as you breathe. It’s not a cold that you can get over. There is no anti-racist certification class. It’s a set of socioeconomic traps and cultural values that are fired up every time we interact with the world. It is a thing you have to keep scooping out of the boat of your life to keep from drowning in it. I know it’s hard work, but it’s the price you pay for owning everything.
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Scott Woods
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No people in all history paid a higher price for freedom. And no people have done so much to advance the dignity of man. We are called materialistic. May be so…but our materialism has made our children the biggest, tallest, most handsome, and intelligent generations of Americans yet. They will live longer with fewer illnesses, learn more, see more of the world, and have more success in realizing their personal dreams and ambitions than any other people in any other period of our history - because of our materialism…I think on our side of civilization and on the other side is the law of the jungle…We all have to recognize that this country has been handed the responsibility, greater than any nation, to preserve some 6000 years of civilization against the barbarians.
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Ronald Reagan
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If a Christian is not willing to rise early and work late, to expend greater effort in diligent study and faithful work, that person will not change a generation. Fatigue is the price of leadership. Mediocrity is the result of never getting tired.
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J. Oswald Sanders (Spiritual Leadership: Principles of Excellence For Every Believer (Sanders Spiritual Growth Series))
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If the ways of this world are based on equivalent exchange, as alchemy says, then in order to allow for a new generation to enjoy good fortune, then the price that we must pay is to carry the bodies of the dead across a river of blood.
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Hiromu Arakawa
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Our children cannot be assumed to follow in our footsteps, assuage our losses, or compensate for our inadequacies.
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Madeline Levine (The Price of Privilege: How Parental Pressure and Material Advantage Are Creating a Generation of Disconnected and Unhappy Kids)
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... Ending a conflict is not so simple, not just calling it off and coming home. Because the price for that kind of peace could be a thousand years of darkness for generation's Viet Nam borned.
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Ronald Reagan
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Next generation leaders are those who would rather challenge what needs to change and pay the price than remain silent and die on the inside.
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Andy Stanley (Next Generation Leader: 5 Essentials for Those Who Will Shape the Future)
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A Value Proposition creates value for a Customer Segment through a distinct mix of elements catering to that segment’s needs. Values may be quantitative (e.g. price, speed of service) or qualitative (e.g. design, customer experience).
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Alexander Osterwalder (Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers (The Strategyzer Series 1))
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This is about the world being a much more frightening place to live in tomorrow if we don’t do something today. And every generation after us will have to pay the price. The price of not stopping this while we could.
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Michael C. Grumley (Catalyst (Breakthrough, #3))
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We need to always deal with the child in front of us, not the child of our fantasies.
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Madeline Levine (The Price of Privilege: How Parental Pressure and Material Advantage Are Creating a Generation of Disconnected and Unhappy Kids)
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Possibly when the professor insisted a little too emphatically upon the inferiority of women, he was concerned not with their inferiority, but with his own superiority. That was what he was protecting rather hot-headedly and with too much emphasis, because it was a jewel to him of the rarest price. Life for both sexes—and I looked at them, shouldering their way along the pavement—is arduous, difficult, a perpetual struggle. It calls for gigantic courage and strength. More than anything, perhaps, creatures of illusion as we are, it rails for confidence in oneself. Without self-confidence we are as babes in the cradle. And how can we generate this imponderable quality, which is yet so invaluable, most quickly? By thinking that other people are inferior to oneself. By feeling that one has some innate superiority—it may be wealth, or rank, a straight nose, or the portrait of a grandfather by Romney—for there is no end to the pathetic devices of the human imagination—over other people.
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Virginia Woolf (A Room of One's Own)
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What is awful is at once appealing and repulsive, it fascinates and generates disgust, and those who succumb to the awful can only escape it at the price of ennui, of boredom.
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Hubertus Kohle (Dark Romanticism: From Goya to Max Ernst)
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Americans all benefit from the physical and institutional infrastructure that has developed from the country’s collective efforts over generations.
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Joseph E. Stiglitz (The Price of Inequality: How Today's Divided Society Endangers Our Future)
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Yes...blood is the price of all things.
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Scott Sigler (Alive (The Generations Trilogy, #1))
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Max Planck once remarked that new scientific truths don’t replace old ones by convincing established scientists that they were wrong; they do so because proponents of the older theory eventually die, and generations that follow find the new truths and theories to be familiar, obvious even. We are optimists. We like to think it will not take that long.
In fact, we have already taken a first step. We can see more clearly now what is going on when, for example, a study that is rigorous in every other respect begins from the unexamined assumption that there was some ‘original’ form of human society; that its nature was fundamentally good or evil; that a time before inequality and political awareness existed; that something happened to change all this; that ‘civilization’ and ‘complexity’ always come at the price of human freedoms; that participatory democracy is natural in small groups but cannot possibly scale up to anything like a city or a nation state.
We know, now, that we are in the presence of myths.
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David Graeber (The Dawn of Everything: A New History of Humanity)
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The revolution had come too late for him. He was in his midforties when the Civil Rights Act was signed and close to fifty when its effects were truly felt.
He did not begrudge the younger generation their opportunities. He only wished that more of them, his own children, in particular, recognized their good fortune, the price that had been paid for it, and made the most of it. He was proud to have lived to see the change take place.
He wasn't judging anyone and accepted the fact that history had come too late for him to make much use of all the things that were now opening up. But he couldn't understand why some of the young people couldn't see it. Maybe you had to live through the worst of times to recognize the best of times when they came to you. Maybe that was just the way it was with people.
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Isabel Wilkerson (The Warmth of Other Suns: The Epic Story of America's Great Migration)
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Our children pay a heavy price when we lack consciousness. Overindulged, over-medicated, and over-labeled, many of them are unhappy. This is because, coming from unconsciousness ourselves, we bequeath to them our own unresolved needs, unmet expectations, and frustrated dreams. Despite our best intentions, we enslave them to the emotional inheritance we received from our parents, binding them to the debilitating legacy of ancestors past. The nature of unconsciousness is such that, until it’s metabolized, it will seep through generation after generation. Only through awareness can the cycle of pain that swirls in families end. T
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Shefali Tsabary (The Conscious Parent: Transforming Ourselves, Empowering Our Children)
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Peace is a precious and a desirable thing. Our generation, bloodied in wars, certainly deserves peace. But peace, like almost all things of this world, has its price, a high but a measurable one. We in Poland do not know the concept of peace at any price. There is only one thing in the lives of men, nations and countries that is without price. That thing is honor.
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Józef Beck
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Given these differences between the sexes, the sexual revolution was the biggest joke men ever played on women. By convincing them that the old rules didn’t apply and that two could play the predator game, men enticed women to do what men have always wanted women to do. But what a price was paid for the new “freedom.” And predictably, women were the ones who got stuck with the bill.
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James C. Dobson (Life on the Edge: The Next Generation's Guide to a Meaningful Future)
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One generation's pleasure became a burden for another. Hence, entire collections from father to son were sold for a song, and the vendors, knowing nothing about literature, would place a price on the books. (about secondhand literature book)
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Murzban F. Shroff (Breathless in Bombay: Stories)
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We have sought for devices that make us feel good without being good. We have tried to banish evil without quitting evil. In the end, we have sought peace of mind without moral price. Simply stated, we want the gifts of God without the need of God.
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John Hagee (The Power of the Prophetic Blessing: An Astonishing Revelation for a New Generation)
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Her family had survived in New York for two generations, despite gentrification and rising rent prices and a healthcare system that was never kind to the self-employed.
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Grace D. Li (Portrait of a Thief)
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Had I right, for my own benefit, to inflict this curse upon everlasting generations? I had before been moved by the sophisms of the being I had created; I had been struck senseless by his fiendish threats; but now, for the first time, the wickedness of my promise burst upon me; I shuddered to think that future ages might curse me as their pest, whose selfishness had not hesitated to buy its own peace at the price, perhaps, of the existence of the whole human race.
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Mary Wollstonecraft Shelley (Frankenstein)
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What would it be like to feel so attached, so intrinsically bonded, so protective of one’s own best connection with time and the ages, of generations past and future, of another human life, of their time?
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J.R. Tompkins (Price of the Child)
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We live in a society where people are uncomfortable with not knowing. Children aren’t taught to say ‘I don’t know,’ and honesty in this form is rarely modeled for them. They too often see adults avoiding questions and fabricating answers, out of either embarrassment or fear, and this comes at a price. To solve the world’s most challenging problems, we need innovative minds that are inspired in the presence of uncertainty. Let’s support parents and educators who are raising the next generation of creative thinkers.” —Annaka Harris (Secular News Daily, 2012)
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Peter Boghossian (A Manual for Creating Atheists)
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Maybe money sits at the heart of every controversy about monarchy. Britain has long had trouble making up its mind. Many support the Crown, but many also feel anxious about the cost. That anxiety is increased by the fact that the cost is unknowable. Depends on who’s crunching the numbers. Does the Crown cost taxpayers? Yes. Does it also pay a fortune into government coffers? Also yes. Does the Crown generate tourism income that benefits all? Of course. Does it also rest upon lands obtained and secured when the system was unjust and wealth was generated by exploited workers and thuggery, annexation and enslaved people? Can anyone deny it? According to the last study I saw, the monarchy costs the average taxpayer the price of a pint each year. In light of its many good works that seems a pretty sound investment. But no one wants to hear a prince argue for the existence of a monarchy, any more than they want to hear a prince argue against it. I leave cost-benefit analyses to others. My emotions are complicated on this subject, naturally, but my bottom-line position isn’t. I’ll forever support my Queen, my Commander in Chief, my Granny. Even after she’s gone. My problem has never been with the monarchy, nor the concept of monarchy. It’s been with the press and the sick relationship that’s evolved between it and the Palace. I love my Mother Country, and I love my family, and I always will. I just wish, at the second-darkest moment of my life, they’d both been there for me. And I believe they’ll look back one day and wish they had too.
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Prince Harry (Spare)
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Estates are sometimes held by foolish forms, the breaking of a stick or the payment of a peppercorn. I was willing to hold the whole huge estate of earth and heaven by any such feudal fantasy. It could not well be wilder than the fact that I was allowed to hold it at all. At this stage I give only one ethical instance to show my meaning. I could never mix in the common murmur of the rising generation against monogamy, because no restriction on sex seemed so odd and unexpected as sex itself. To be allowed, like Endymion, to make love to the moon and then to complain that Jupiter kept his own moons in a harem seemed to me (bred on fairy tales like Endymion's) a vulgar anticlimax.Keeping to one woman is a small price for so much as seeing one woman. To complain that I could only be married once was like complaining that I could only be born once. It was incommensurate with the terrible excitement of which one was talking. It showed, not an exaggerated sensibility to sex, but a curious insensibility to it. A man is a fool who complains that he cannot enter Eden by five gates at once. Polygamy is a lack of the realization of sex; it is like a man plucking five pears in mere absence of mind.
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G.K. Chesterton
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The cruciform does not like pain. Nor do I but, like the cruciform, I am willing to use it to serve my purposes. And I will do so consciously, not instinctively like the mindless mass of alien tissue embedded in me. This thing only seeks a mindless avoidance of death by any means. I do not wish to die, but I welcome pain and death rather than an eternity of mindless life. Life is sacred--I still hold to that as a core element of the Church's though and teachings these past twenty-eight hundred years when life has been so cheap--but even more sacred is the soul.
I realize now that what I was trying to do with the Armaghast data was offer the Church not a rebirth but only a transition to a false life such as these poor walking corpses inhabit. If the Church is meant to die, it must do so--but do so gloriously, in the full knowledge of its rebirth in Christ. It must go into the darkness not willingly but well--bravely and firm of faith--like the millions who have gone before us, keeping faith with all those generations facing death in the isolated silence of death camps and nuclear fireballs and cancer wards and pogroms, going into the darkness, if not hopefully, then prayerful that there is some reason for it all, something worth the price of all that pain, all those sacrifices., All those before us have gone into the darkness without assurance of logic or fact or persuasive theory, with only a slender thread of hope or the all too shakable conviction of faith. And if they have been able to sustain that slim hope in the face of darkness, then so must I... and so must the Church.
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Dan Simmons (Hyperion (Hyperion Cantos, #1))
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Sustainability, or fairness to the future, therefore involves the concept of stewardship, the idea that the living generation must be stewards of the earth’s resources for the generations that will come later. That’s a tough role to play. There is nothing natural or innate about it. We need to defend the interests of those whom we’ve never met and never will. Yet those are our descendants and our fellow humanity. Alas, it’s a role that we’ve mostly ignored till now, to the increasing peril of all who will follow. The
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Jeffrey D. Sachs (The Price Of Civilization: Reawakening American Virtue And Prosperity)
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He was an American character, one typical of men of his generation, men who embraced the notion of freedom and individualism and the open road without always knowing its price, and whose enthusiasms could as easily lead to the cowardice of McCarthyism as to the heroics of World War II. Men who were both dangerous and promising precisely because of their fundamental innocence; men prone, in the end, to disappointment.
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Barack Obama
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Know what the problem with your generation is? You refuse to understand that love has a price. That’s what makes it significant, pungent, rich. It costs you anger, jealousy, heartbreak, time, money, health…”
“Food for thought—is she worth it? You have to pay your dues, you see.”
“When you refuse to pay your dues to love, sometimes the price goes up. There’s an inflation, and you end up losing more than you’d bargained.
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L.J. Shen (Broken Knight (All Saints High, #2))
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Don’t strive to be a well-rounded leader. Instead, discover your zone and stay there. Then delegate everything else.
Admitting a weakness is a sign of strength. Acknowledging weakness doesn’t make a leader less effective.
Everybody in your organization benefits when you delegate responsibilities that fall outside your core competency. Thoughtful delegation will allow someone else in your organization to shine. Your weakness is someone’s opportunity.
Leadership is not always about getting things done “right.” Leadership is about getting things done through other people.
The people who follow us are exactly where we have led them. If there is no one to whom we can delegate, it is our own fault.
As a leader, gifted by God to do a few things well, it is not right for you to attempt to do everything. Upgrade your performance by playing to your strengths and delegating your weaknesses.
There are many things I can do, but I have to narrow it down to the one thing I must do. The secret of concentration is elimination.
Devoting a little of yourself to everything means committing a great deal of yourself to nothing.
My competence in these areas defines my success as a pastor.
A sixty-hour workweek will not compensate for a poorly delivered sermon. People don’t show up on Sunday morning because I am a good pastor (leader, shepherd, counselor).
In my world, it is my communication skills that make the difference. So that is where I focus my time.
To develop a competent team, help the leaders in your organization discover their leadership competencies and delegate accordingly.
Once you step outside your zone, don’t attempt to lead. Follow.
The less you do, the more you will accomplish.
Only those leaders who act boldly in times of crisis and change are willingly followed.
Accepting the status quo is the equivalent of accepting a death sentence. Where there’s no progress, there’s no growth. If there’s no growth, there’s no life. Environments void of change are eventually void of life. So leaders find themselves in the precarious and often career-jeopardizing position of being the one to draw attention to the need for change. Consequently, courage is a nonnegotiable quality for the next generation leader.
The leader is the one who has the courage to act on what he sees.
A leader is someone who has the courage to say publicly what everybody else is whispering privately. It is not his insight that sets the leader apart from the crowd. It is his courage to act on what he sees, to speak up when everyone else is silent. Next generation leaders are those who would rather challenge what needs to change and pay the price than remain silent and die on the inside.
The first person to step out in a new direction is viewed as the leader. And being the first to step out requires courage. In this way, courage establishes leadership.
Leadership requires the courage to walk in the dark. The darkness is the uncertainty that always accompanies change. The mystery of whether or not a new enterprise will pan out. The reservation everyone initially feels when a new idea is introduced. The risk of being wrong.
Many who lack the courage to forge ahead alone yearn for someone to take the first step, to go first, to show the way. It could be argued that the dark provides the optimal context for leadership. After all, if the pathway to the future were well lit, it would be crowded.
Fear has kept many would-be leaders on the sidelines, while good opportunities paraded by. They didn’t lack insight. They lacked courage.
Leaders are not always the first to see the need for change, but they are the first to act.
Leadership is about moving boldly into the future in spite of uncertainty and risk.
You can’t lead without taking risk. You won’t take risk without courage. Courage is essential to leadership.
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Andy Stanley (Next Generation Leader: 5 Essentials for Those Who Will Shape the Future)
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These differing emphases explain a lot—for example, the classical liberal view is that everyone has equal rights to happiness; rightists instead discount fairness in favor of expedient authority, generating the classical conservative view that some socioeconomic inequality is a tolerable price for things running smoothly.
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Robert M. Sapolsky (Behave: The Biology of Humans at Our Best and Worst)
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The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.
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Satoshi Nakamoto
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The man persisted. "No, no, no. It was so funny. What software did you use?" - apparently in the belief that the software had built-in humor generation.
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David A. Price (The Pixar Touch: The Making of a Company)
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The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.
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Michael Lewis (The Big Short: Inside the Doomsday Machine)
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Home is the true wife’s kingdom. There, first of all places, she must be strong and beautiful. She may touch life outside in many ways, if she can do it without slighting the duties that are hers within her own doors. But if any calls for her service must be declined, they should not be the duties of her home. These are hers, and no other one’s. Very largely does the wife hold in her hands, as a sacred trust, the happiness and the highest good of the hearts that nestle there. The best husband—the truest, the noblest, the gentlest, the richest-hearted—cannot make his home happy if his wife be not, in every reasonable sense, a helpmate to him.
In the last analysis, home happiness depends on the wife. Her spirit gives the home its atmosphere. Her hands fashion its beauty. Her heart makes its love. And the end is so worthy, so noble, so divine, that no woman who has been called to be a wife, and has listened to the call, should consider any price too great to pay, to be the light, the joy, the blessing, the inspiration of a home.
Men with fine gifts think it worth while to live to paint a few great pictures which shall be looked at and admired for generations; or to write a few songs which shall sing themselves into the ears and hearts of men. But the woman who makes a sweet, beautiful home, filling it with love and prayer and purity, is doing something better than anything else her hands could find to do beneath the skies.
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J.R. Miller
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Thus Marx begins his attack on the liberal concept of freedom. The freedom of the market is not freedom at all. It is a fetishistic illusion. Under capitalism, individuals surrender to the discipline of abstract forces (such as the hidden hand of the market made much of by Adam Smith) that effectively govern their relations and choices. I can make something beautiful and take it to market, but if I don’t manage to exchange it then it has no value. Furthermore, I won’t have enough money to buy commodities to live. Market forces, which none of us individually control, regulate us. And part of what Marx wants to do in Capital is talk about this regulatory power that occurs even “in the midst of the accidental and ever-fluctuating exchange relations between the products.” Supply and demand fluctuations generate price fluctuations around some norm but cannot explain why a pair of shoes on average trades for four shirts. Within all the confusions of the marketplace, “the labour-time socially necessary to produce [commodities] asserts itself as a regulative law of nature. In the same way, the law of gravity asserts itself when a person’s house collapses on top of him” (168). This parallel between gravity and value is interesting: both are relations and not things, and both have to be conceptualized as immaterial but objective.
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David Harvey (A Companion to Marx's Capital)
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The motivation for taking on debt is to buy assets or claims rising in price. Over the past half-century the aim of financial investment has been less to earn profits on tangible capital investment than to generate “capital” gains (most of which take the form of debt-leveraged land prices, not industrial capital). Annual price gains for property, stocks and bonds far outstrip the reported real estate rents, corporate profits and disposable personal income after paying for essential non-discretionary spending, headed by FIRE [Finance, Insurance, Real Estate]-sector charges.
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Michael Hudson (The Bubble and Beyond)
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Trump in the White House could “change the character of the generations of Americans that are following” and might result in “trickle-down racism,” “trickle-down misogyny,” and “trickle-down bigotry.
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Mark Leibovich (Thank You For Your Servitude: Donald Trump's Washington and the Price of Submission)
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Climate change denialists are therefore engaged in intergenerational economic warfare on their own societies. They won’t witness the worst aspects of climate change—luckily for them they’ll die before they occur. But their children and grandchildren will be affected by them. The refusal of older people, and particularly old white males, to accept the need for climate action shifts costs that they themselves are causing onto their descendants, all of whom will pay higher prices, higher taxes and higher insurance premiums and enjoy poorer health, lower economic growth and fewer jobs because of climate change. Denialists are a form of economic parasite preying on their own offspring, running up a bill they’ll die before having to pay. And every year of delay increases the costs that future generations will have to bear.
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Bernard Keane (A Short History of Stupid)
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Yet what bothers Maher most is a less tangible harm: the insult of seeing the clothes his company makes sell for prices that show just how little they are valued. 'Generation Z and millennials are really demanding ethical products,' he said. 'But when you buy a fast-fashion T-shirt for four dollars, or two dollars, you never ask, 'How could this have landed in Berlin or London or Montreal for this price? How does the cotton get grown, ginned, spun, woven, dyed, printed, sewn, packed, shipped, all for four dollars?' You've never realized how many lives you are touching, all because your payment doesn't pay for their wages.
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J.B. MacKinnon (The Day the World Stops Shopping: How Ending Consumerism Saves the Environment and Ourselves)
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And the irony is that the war purchases are recorded as a positive for economic growth and the GDP. Though the war spending is an economic negative and provides no improvement in the people’s standard of living, the government statisticians brag about an upward blip in the GDP. Besides, these bills are paid for by borrowing and printing money, thus increasing future debt obligations and causing higher prices for the next generation.
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Ron Paul (Swords into Plowshares: A Life in Wartime and a Future of Peace and Prosperity)
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We are young,beautiful scum,pissed off with the world…We are the suicide of the non-generation.We are as far away from anything in the 80s as possible, e.g. 80s' pop automation, the long running saga of the whimsical pop essay and the intrinsic musical sculptures of post-modernism…We are the only young kids in UK Channel Boredom to realise the future is in tight trousers, dyed hair and NOT the baggy loose attitude scum fuck retard zerodom of Madchester
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Simon Price
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One way multi-sided platforms solve this problem is by subsidizing a Customer Segment. Though a platform operator incurs costs by serving all customer groups, it often decides to lure one segment to the platform with an inexpensive or free Value Proposition in order to subsequently attract users of the platform’s “other side.” One difficulty multi-sided platform operators face is understanding which side to subsidize and how to price correctly to attract customers.
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Alexander Osterwalder (Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers (The Strategyzer Series 1))
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Fundamentally, we have to ask ourselves, how is it fair and how is it smart to price a degree out of reach for the working class just as that degree became the price of entry into the middle class? And how is it fair or smart to create a new source of debt for a generation when that debt makes it harder for us to achieve the hallmarks of middle-class security: a house, marriage, and retirement savings? There is neither fairness nor wisdom in this system, only self-sabotage.
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Heather McGhee (The Sum of Us: What Racism Costs Everyone and How We Can Prosper Together (One World Essentials))
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Operational effectiveness: necessary but not sufficient Operational effectiveness and strategy are both essential to superior performance, which, after all, is the primary goal of any enterprise. But they work in very different ways. A company can outperform rivals only if it can establish a difference that it can preserve. It must deliver greater value to customers or create comparable value at a lower cost, or do both. The arithmetic of superior profitability then follows: delivering greater value allows a company to charge higher average unit prices; greater efficiency results in lower average unit costs. Ultimately, all differences between companies in cost or price derive from the hundreds of activities required to create, produce, sell, and deliver their products or services, such as calling on customers, assembling final products, and training employees. Cost is generated by performing activities, and cost advantage arises from performing particular activities more
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Michael E. Porter (HBR's 10 Must Reads on Strategy)
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The exponential growth of this industry was correlated with the phenomenon famously discovered by Moore, who in 1965 drew a graph of the speed of integrated circuits, based on the number of transistors that could be placed on a chip, and showed that it doubled about every two years, a trajectory that could be expected to continue. This was reaffirmed in 1971, when Intel was able to etch a complete central processing unit onto one chip, the Intel 4004, which was dubbed a “microprocessor.” Moore’s Law has held generally true to this day, and its reliable projection of performance to price allowed two generations of young entrepreneurs, including Steve Jobs and Bill Gates, to create cost projections for their forward-leaning products.
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Walter Isaacson (Steve Jobs)
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Remember this study when you are in a negotiation—make your initial request far too high. You have to start somewhere, and your initial decision or calculation greatly influences all the choices that follow, cascading out, each tethered to the anchors set before. Many of the choices you make every day are reruns of past decisions; as if traveling channels dug into a dirt road by a wagon train of selections, you follow the path created by your former self. External anchors, like prices before a sale or ridiculous requests, are obvious and can be avoided. Internal, self-generated anchors, are not so easy to bypass. You visit the same circuit of Web sites every day, eat basically the same few breakfasts. When it comes time to buy new cat food or take your car in for repairs, you have old favorites. Come election time, you pretty much already know who will and will not get your vote. These choices, so predictable—ask yourself what drives them. Are old anchors controlling your current decisions?
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David McRaney (You Are Not So Smart: Why You Have Too Many Friends on Facebook, Why Your Memory Is Mostly Fiction, and 46 Other Ways You're Deluding Yourself)
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...do we realize that this cheap grace has turned back upon us like a boomerang? The price we are having to pay today in the shape of the collapse of the organized Church is only the inevitable consequence of our policy of making grace available to all at too low a cost. We gave away the word and sacraments wholesale, we baptized, confirmed, and absolved a whole nation unasked and without condition. Our humanitarian sentiment made us give that which was holy to the scornful and unbelieving. We poured forth unending streams of grace. But the call to follow Jesus in the narrow way was hardly ever heard. Where were those truths which impelled the early Church to institute the catechumenate, which enabled a strict watch to be kept over the frontier between the Church and the world, and afforded adequate protection for costly grace? What had happened to all those warnings of Luther's against preaching the gospel in such a manner as to make men rest secure in their ungodly living? Was there ever a more terrible or disastrous instance of the Christianizing of the world than this? What are those three thousand Saxons put to death by Charlemagne compared with the millions of spiritual corpses in our country today? With us it has been abundantly proved that the sins of the fathers are visited upon the children unto the third and fourth generations. Cheap grace has turned out to be utterly merciless to our Evangelical church.
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Dietrich Bonhoeffer
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There is a price to pay when you don't love or respect yourself. Your kids pay, your health pays, your soul and spirit pays, your grand kids pay. Dysfunctional patterns get passed down, your pain gets passed down What you don't deal with your children and future generations will have to.
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Tanesia Harris
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Thomas Kuhn’s book The Structure of Scientific Revolutions has probably been more widely read—and more widely misinterpreted—than any other book in the recent philosophy of science. The broad circulation of his views has generated a popular caricature of Kuhn’s position. According to this popular caricature, scientists working in a field belong to a club. All club members are required to agree on main points of doctrine. Indeed, the price of admission is several years of graduate education, during which the chief dogmas are inculcated. The views of outsiders are ignored. Now I want to emphasize that this is a hopeless caricature, both of the practice of scientists and of Kuhn’s analysis of the practice. Nevertheless, the caricature has become commonly accepted as a faithful representation, thereby lending support to the Creationists’ claims that their views are arrogantly disregarded.
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Philip Kitcher (Abusing Science: The Case Against Creationism)
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Despite his new fame and fortune, he still fancied himself a child of the counterculture. On a visit to a Stanford class, he took off his Wilkes Bashford blazer and his shoes, perched on top of a table, and crossed his legs into a lotus position. The students asked questions, such as when Apple’s stock price would rise, which Jobs brushed off. Instead he spoke of his passion for future products, such as someday making a computer as small as a book. When the business questions tapered off, Jobs turned the tables on the well-groomed students. “How many of you are virgins?” he asked. There were nervous giggles. “How many of you have taken LSD?” More nervous laughter, and only one or two hands went up. Later Jobs would complain about the new generation of kids, who seemed to him more materialistic and careerist than his own. “When I went to school, it was right after the sixties and before this general wave of practical purposefulness had set in,” he said. “Now students aren’t even thinking in idealistic terms, or at least nowhere near as much.” His generation, he said, was different. “The idealistic wind of the sixties is still at our backs, though, and most of the people I know who are my age have that ingrained in them forever.
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Walter Isaacson (Steve Jobs)
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In the end the real wealth of the Hungarian Jewish community had not been packed in crates and boxes and loaded onto that train. What is the value to a daughter of a single pair of Sabbath candlesticks passed down from her mother and grandmother before her, generation behind generation, for a hundred, even a thousand, years? Beyond price, beyond measure. And what of ten thousand pairs of similar candlesticks, when all the grandmothers, mothers, and daughters are dead? No more than the smelted weight of the silver. The wealth of the Jews of Hungary, of all of Europe, was to be found not in the laden boxcars of the Gold Train but in the grandmothers and mothers and daughters themselves, in the doctors and lawyers, the grain dealers and psychiatrists, the writers and artists who had created a culture of sophistication, of intellectual and artistic achievement. And that wealth, everything of real value, was all but extinguished.
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Ayelet Waldman (Love & Treasure)
“
when they leave uni it’s gonna be with a huge debt and crazy competition for jobs and the outrageous rental prices out there mean her generation will have to move back home forever, which will lead to even more of them despairing at the future and what with the planet about to go to shit with the United Kingdom soon to be disunited from Europe which itself is hurtling down the reactionary road and making fascism fashionable again and it’s so crazy that the disgusting perma-tanned billionaire has set a new intellectual and moral low by being president of America and basically it all means that the older generation has RUINED
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Bernardine Evaristo (Girl, Woman, Other)
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It’s worth ten times the price to get you out of those things. Besides, I’ve got credits to burn.” He did. They all did. The more they worked, the more credits they got. The more they got, the more they needed to spend them before they expired, which they did after a year. You didn’t need to save them. All the things that Maya’s generation had saved for—a home of one’s own, retirement, the kids’ college education, medical emergencies—all those were now each person’s birthright. When the surplus was totaled each year—for the City inevitably ended up with a net surplus—it was simply a measure that they had produced more than they consumed, given more than they took back.
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Starhawk (City of Refuge (Maya Greenwood, #3))
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If men create intelligent machines, or fantasize about them, it is either because they secretly despair of their own intelligence or because they are in danger of succumbing to the weight of a monstrous and useless intelligence which they seek to exorcize by transferring it to machines, where they can play with it and make fun of it. By entrusting this burdensome intelligence to machines we are released from any responsibility to knowledge, much as entrusting power to politicians allows us to disdain any aspiration of our own to power.
If men dream of machines that are unique, that are endowed with genius, it is because they despair of their own uniqueness, or because they prefer to do without it - to enjoy it by proxy, so to speak, thanks to machines. What such machines offer is the spectacle of thought, and in manipulating them people devote themselves more to the spectacle of thought than to thought itself.
It is not for nothing that they are described as 'virtual', for they put thought on hold indefinitely, tying its emergence to the achievement of a complete knowledge. The act of thinking itself is thus put off for ever. Indeed, the question of thought can no more be raised than the question of the freedom of future generations, who will pass through life as we travel through the air, strapped into their seats. These Men of Artificial Intelligence will traverse their own mental space bound hand and foot to their computers. Immobile in front of his computer, Virtual Man makes love via the screen and gives lessons by means of the teleconference. He is a physical - and no doubt also a mental cripple. That is the price he pays for being operational. Just as eyeglasses and contact lenses will arguably one day evolve into implanted prostheses for a species that has lost its sight, it is similarly to be feared that artificial intelligence and the hardware that supports it will become a mental prosthesis for a species without the capacity for thought.
Artificial intelligence is devoid of intelligence because it is devoid of artifice.
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Jean Baudrillard (The Transparency of Evil: Essays in Extreme Phenomena)
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A lot of elders complain that they do not know what is wrong with today's black generation. I beg to ask them what was wrong with theirs? Children don't become what you want, they become who you are. Our elders should reflect upon what went wrong during the era when today's young adults were children. Maybe just maybe they might find the answers to the problems of this "generation". They are equally responsible for this "money over everything mindset that breeds the young people they condemn.They raised a world of children who know the price of everything but the value of nothing. A money grabbing, instant gratification over profundity seeking and "step pon them" culture of people.
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Crystal Evans (Jamaican Acute Ghetto Itis)
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[Bloodraven] fingered the cloth, marveling at the tightness of the weave. The things that the men of the lowlands were capable of never ceased to amaze him. Those few stolen items that trickled up to the northern tribes were bartered at high prices, for even the mountain humans who worked in fear of their lives for the tribes, did not create such clever things. But then again, perhaps they were capable, but chose not to share with the race that had hunted and oppressed them for generations. Understandable. If he were in the same position he’d have offered nothing more than the simplest tasks demanded of him. Not for the first time he considered the tribal chieftains of old fools for choosing to make war with the humans instead of ally with them.
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P.L. Nunn (Bloodraven (Bloodraven, #1))
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At no time has the world been without war. Not in seven or ten or twenty thousand years. Neither the wisest of leaders, nor the noblest of kings, nor yet the Church — none of them has been able to stop it. And don't succumb to the facile belief that wars will be stopped by hotheaded socialists. Or that rational and just wars can be sorted out from the rest. There will always be thousands of thousands to whom even such a war will be senseless and unjustified. Quite simply, no state can live without war, that is one of the state's essential functions. … War is the price we pay for living in a state. Before you can abolish war you will have to abolish all states. But that is unthinkable until the propensity to violence and evil is rooted out of human beings. The state was created to protect us from evil. In ordinary life thousands of bad impulses, from a thousand foci of evil, move chaotically, randomly, against the vulnerable. The state is called upon to check these impulses — but it generates others of its own, still more powerful, and this time one-directional. At times it throws them all in a single direction — and that is war.
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Aleksandr Solzhenitsyn
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Why not?" I ask, "Are we supposed to be invincible? Isn't there a price to be paid? We pillage our environment and we suffer natural disasters. The rich use the poor and we have riots. It's our history, Will. Our human history. We have [messed]-up diseases that pass on from generation to generation, repeating one too many genes or being completely absent on some random chromosome. It's not why, but when.
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An Na (The Place Between Breaths)
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For her, being an American was loathing America, but loving America was something he could not let go of any more than he could let go of loving his father and his mother, any more than he could have let go of his decency. How could she "hate" this country when she had no conception of this country? How could a child of his be so blind as to revile the "rotten system" that had given her own family every opportunity to succeed? To revile her "capitalist" parents as though their wealth were the product of anything other than the unstinting industry of three generations. The men of three generations, including even himself, slogging through the slime and stink of a tannery. The family that started out in a tannery, at one with, side by side with, the lowest of the low - now to her "capitalist dogs." There wasn't much difference and she knew it, between hating America and hating them. He loved the America she hated and blamed for everything that was imperfect in life and wanted violently to overturn, he loved the "bourgeois values" she hated and ridiculed and wanted to subvert, he loved the mother she hated and had all but murdered by doing what she did. Ignorant fucking bitch! The price they had paid! Why shouldn't he tear up this Rita Cohen letter? They were back! The sadistic mischief-makers with their bottomless talent for antagonism who had extorted from him the Audrey Hepburn scrapbook, the stuttering diary, and the ballet shoes, these delinquent young brutes calling themselves "revolutionaries" who had so viciously played with his hopes five years back had decided the time had again rolled around to laugh at Swede Levov.
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Philip Roth (American Pastoral)
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There was a little optometrist shop on south Broadway tucked in between a pizza joint and what amounted to a head shop where you could buy glow-in-the-dark posters, bongs, and whatever else the hippies began marketing after they went commercial in the '70s... I had never visited the optometrist shop. The entrance had a 1930s look that I liked—art deco molded-tin awning over the doorway, and Bakelite tiles on the foyer walls. It looked like the kind of business that would be owned by an elderly optometrist who had serviced families for generations and personally ground lenses in his back room. I liked the look of the shop, but I drove right past it on my way to Sight City!!! where you could buy Two Pair for the Price of One!!! according to the billboards plastered all over Denver blocking every decent view of the Rocky Mountains.
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Gary Reilly (The Asphalt Warrior (Asphalt Warrior, #1))
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This education startled even a man who had dabbled in fifty educations all over the world; for, if he were obliged to insist on a Universe, he seemed driven to the Church. Modern science guaranteed no unity. The student seemed to feel himself, like all his predecessors, caught, trapped, meshed in this eternal drag-net of religion. In practice the student escapes this dilemma in two ways: the first is that of ignoring it, as one escapes most dilemmas; the second is that the Church rejects pantheism as worse than atheism, and will have nothing to do with the pantheist at any price. In wandering through the forests of ignorance, one necessarily fell upon the famous old bear that scared children at play; but, even had the animal shown more logic than its victim, one had learned from Socrates to distrust, above all other traps, the trap of logic -- the mirror of the mind. Yet the search for a unit of force led into catacombs of thought where hundreds of thousands of educations had found their end. Generation after generation of painful and honest-minded scholars had been content to stay in these labyrinths forever, pursuing ignorance in silence, in company with the most famous teachers of all time. Not one of them had ever found a logical highroad of escape.
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Henry Adams (The Education of Henry Adams)
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So does TV watching create inner space? Does it cause you to be present? Unfortunately, it does not. Although for long periods your mind may not be generating any thoughts, it has linked into the thought activity of the television show. It has linked up with the TV version of the collective mind, and is thinking its thoughts. Your mind is inactive only in the sense that it is not producing thoughts. It is, however, continuously absorbing thoughts and images that come through the TV screen. This induces a trancelike passive state of heightened susceptibility, not unlike hypnosis. That is why it lends itself to manipulation of “public opinion,” as politicians and special-interest groups as well as advertisers know and will pay millions of dollars to catch you in that state of receptive unawareness. They want their thoughts to become your thoughts, and usually they succeed. So when watching television, the tendency is for you to fall below thought, not rise above it. Television has this in common with alcohol and certain other drugs. While it provides some relief from your mind, you again pay a high price: loss of consciousness. Like those drugs, it too has a strong addictive quality. You reach for the remote control to switch off and instead find yourself going through all the channels.
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Eckhart Tolle (A New Earth: Awakening to Your Life's Purpose)
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I come from the heart land of New Zealand. A place where men are men and there is no such thing as a latte. Where a day’s work is only done one way. THE HARD WAY. Where the vehicle you drive doesn’t symbolize who you are. A place where a beer is a beer and it comes only one way, ICE COLD. Yes the great land I like to call home the Waikato but yes all this beauty comes at a price obviously where men actually act like men not knob head; makeup wearing, tight jean wearing homos there will always be a shortage of real women. So just as the last generation of real men, almost every weekend we head into every bar, club, party or music festival we can in the hopes of finding a real women. Don’t get me wrong, bars clubs a music fests are the best fun ever. And I drink alcohol like it’s going out of fashion not that we care about fashion round here. See you in the heart land
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Daniel Anderson
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About every two generations—roughly every forty-seven to sixty years—there’s a deflationary market. For example, in respect to the commodity markets, we’re currently in a deflationary phase that began in 1980. Over the past two hundred years, these deflationary phases have typically lasted between eight and twelve years. Since we’re currently in the twelfth year of commodity price deflation, I think we’re very close to a major bottom in commodity prices.
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Jack D. Schwager (The New Market Wizards: Conversations with America's Top Traders)
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Is the consideration of a little dirty pelf, to individuals, to be placed in competition with the essential rights & liberties of the present generation, & of millions yet unborn? shall a few designing men for their own aggrandizement, and to gratify their own avarice, overset the goodly fabric we have been rearing at the expence of so much time, blood, & treasure? and shall we at last become the victems of our own abominable lust of gain? Forbid it heaven! forbid it all, & every state in the union! by enacting & enforcing, efficatious laws for checking the growth of these monstrous evils, & restoring matters in some degree to the pristine state they were in at the commencement of the War. Our cause is noble. It is the cause of Mankind! and the danger to it springs from ourselves—Shall we slumber & sleep then while we should be punishing those miscreants who have brought these troubles upon us, & who are aiming to continue us in them? While we should be striving to fill our Battalions—and devising ways and means to appreciate the currency—On the credit of which every thing depends? I hope not—let vigorous measures be adopted—not to limit the price of articles—for this I conceive is inconsistent with the very nature of things, & impracticable in itself—but to punish speculators—forestallers—& extortioners—and above all—to sink the money by heavy Taxes—To promote public & private Œconomy—encourage Manufactures &ca—Measures of this sort gone heartily into by the several states will strike at once at the root of all our misfortunes, & give the coup-de-grace to British hope of subjugating this great Continent, either by their Arms or their Arts—The first as I have before observed they acknowledge is unequal to the task—the latter I am sure will be so if we are not lost to every thing that is good & virtuous.
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George Washington
“
The United States was born through war, reunited by war, and saved from destruction by war. No future generation, however comfortable and affluent, can escape that terrible knowledge. Our freedom is not entirely our own; in some sense it is mortgaged from those who paid the ultimate price for its continuance. My own life of security, freedom, opportunity, and relative affluence certainly has been made possible because a grandfather fought and was gassed in the Argonne; an uncle in the Marines died trying to stop Japanese imperialism on Okinawa; a cousin in the Army lost his life at twenty-two trying to stop Hitler in France; and my father in the Army Air Force flew forty times over Japan hoping to end the idea of the expansive Greater East Asia Co-prosperity Sphere. I have spent some time these past decades trying to learn where, how, and why they and their generations fought as they did—and what our own obligations are to acknowledge their sacrifices.
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Victor Davis Hanson (The Father of Us All: War and History, Ancient and Modern)
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In the thirty years leading up to the Civil War, the law was increasingly interpreted in the courts to suit the capitalist development of the country. Studying this, Morton Horwitz (The Transformation of American Law) points out that the English commonlaw was no longer holy when it stood in the way of business growth. Mill owners were given the legal right to destroy other people’s property by flood to carry on their business. The law of “eminent domain” was used to take farmers’ land and give it to canal companies or railroad companies as subsidies. Judgments for damages against businessmen were taken out of the hands of juries, which were unpredictable, and given to judges. Private settlement of disputes by arbitration was replaced by court settlements, creating more dependence on lawyers, and the legal profession gained in importance. The ancient idea of a fair price for goods gave way in the courts to the idea of caveat emptor (let the buyer beware), thus throwing generations of consumers from that time on to the mercy of businessmen.
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Howard Zinn (A People's History of the United States: 1492 to Present)
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He is the butcher who showed me how the price of flesh is love; skin the rabbit, he says! Off come my clothes. He makes his whistles out of an elder twig and that is what he uses to call the birds out of the air - all the birds come; and the sweetest singers he will keep in cages. He could thrust me into the seed-bed of next year's generation and I would have to wait until he whistled me up from my darkness before I could come back again. His skin is the tint and texture of sour cream, he has stiff, russet nipples ripe as berries. Like a tree that bears bloom and fruit on the same bough together, how pleasing, how lovely. I feel your sharp teeth in the subaqueous depths of your kisses. You sink your teeth into my throat and make me scream. His embraces were his enticements and yet, oh yet! they were the branches of which the trap itself was woven. I shall take two huge handfuls of his rustling hair as he lies half dreaming, half waking, and wind them into ropes, very softly, so he will not wake up, and, softly, with hands as gentle as rain, I shall strangle him with them.
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Angela Carter (The Bloody Chamber and Other Stories)
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Jeff: Nothing ever changes, man. Fifty years from now we're all gonna be dead. And there will be another group of people standing here drinking beer, eating pizza, bitching about the price of Oreos and they'll have no idea we were ever here and fifty years after those suckers will be dust and bones and there'll be all these generations of suckers, all trying to figure out what the fuck they're doing on this fucking planet and it'll all be full of shit. It's all so fucking futile.
Tim: If it's all so fucking futile, what the fuck are you so fucking upset about, fuckhead?
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Eric Bogosian (subUrbia)
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Unfortunately, it seems that we, as a society, have entered into a Faustian deal. Yes, we have these amazing handheld marvels of the digital age - tablets and smartphones - miraculous glowing devices that connect people throughout the globe and can literally access the sum of all human knowledge in the palm of our hand. But what is the price of all this future tech? The psyche and soul of an entire generation. The sad truth is that for the oh-so-satisfying ease, comfort and titillation of these jewels of the modern age, we've unwittingly thrown an entire generation under the virtual bus.
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Nicholas Kardaras (Glow Kids: How Screen Addiction Is Hijacking Our Kids - and How to Break the Trance)
“
Once upon a time there was much talk of the apathy of the masses. Their silence was the crucial fact for an earlier generation. Today, however, the masses act not by deflection but by infection, tainting opinion polls and forecasts with their multifarious phantasies. Their abstention and their silence are no longer determining factors (that stage was still nihilistic); what counts now is their use of the cogs in the workings of uncertainty. Where the masses once sported with their voluntary servitude, they now sport with their involuntary incertitude. Unbeknownst to the experts who scrutinize them and the manipulators who believe they can influence them, they have grasped the fact that politics is virtually dead, and that they now have a new game to play, just as exciting as the ups and downs of the stock market. This game enables them to make audiences, charismas, levels of prestige and the market prices of images dance up and down with an intolerable facility. The masses had been deliberately demoralized and de-ideologized in order that they might become the live prey of probability theory, but now it is they who destabilize all images and play games with political truth.
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Jean Baudrillard (The Transparency of Evil: Essays in Extreme Phenomena)
“
Long before there were effective treatments, physicians dispensed prognoses, hope, and, above all, meaning. When something terrible happens-and serious disease is always terrible-people want to know why. In a pantheistic world, the explanation was simple-one god had caused the problem, another could cure it. In the time since people have been trying to get along with only one God, explaining disease and evil has become more difficult. Generations of theologians have wrestled with the problem of theodicy-how can a good God allow such bad things to happen to good people?
Darwinian medicine can't offer a substitute for such explanations. It can't provide a universe in which events are part of a divine plan, much less one in which individual illness reflects individual sins. It can only show us why we are the way we are, why we are vulnerable to certain diseases. A Darwinian view of medicine simultaneously makes disease less and more meaningful. Diseases do not result from random or malevolent forces, they arise ultimately from past natural selection. Paradoxically, the same capacities that make us vulnerable to disease often confer benefits. The capacity for suffering is a useful defense. Autoimmune disease is a price of our remarkable ability to attack invaders. Cancer is the price of tissues that can repair themselves. Menopause may protect the interests of our genes in existing children. Even senescence and death are not random, but compromises struck by natural selection as it inexorably shaped out bodies to maximize the transmission of our genes. In such paradoxical benefits, some may find a gentle satisfaction, even a bit of meaning-at least the sort of meaning Dobzhansky recognized. After all, nothing in medicine makes sense except in the light of evolution.
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Randolph M. Nesse (Why We Get Sick: The New Science of Darwinian Medicine)
“
He says to the king, in the north they have contempt for the king’s peace, they want to administer their own murders. If Norfolk cannot subdue them they will fall into their old savagery, where each eye or limb or life itself is costed out, and all flesh has a price. In our forefathers’ time a nobleman’s life was worth six times that of a man who followed the plough. The rich man can slaughter as he pleases, if his pocket can bear the fines, but the poor man cannot afford one murder across his lifetime. We repudiate this, he tells the king: we say a man of violence cannot go free because his cousin is the judge, no more than a wealthy sinner can make up for his sins by founding a monastery. Before God and the law, all men are equal. It takes a generation, he says, to reconcile heads and hearts. Englishmen of every shire are wedded to what their nurses told them. They do not like to think too hard, or disturb the plan of the world that exists inside their heads, and they will not accept change unless it puts them in better ease. But new times are coming. Gregory’s children—and, he adds quickly, your Majesty’s children yet to be born—will never have known their country in thrall to an old fraud in Rome. They will not put their faith in the teeth and bones of the dead, or in holy water, ashes and wax. When they can read the Bible for themselves, they will be closer to God than to their own skin. They will speak His language, and He theirs. They will see that a prince exists not to sit a horse in a plumed helmet, but—as your Majesty always says—to care for his subjects, body and soul. The scriptures enjoin obedience to earthly powers, and so we stick by our prince through thick and thin. We do not reject part of his polity. We take him as a whole, consider him God’s anointed, and suppose God is keeping an eye on him.
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Hilary Mantel (The Mirror & the Light (Thomas Cromwell, #3))
“
With the exception of the fog he seemed to control everything. Yet he was angry. I knew that he was angry by this token. When I read what he wrote about women I thought, not of what he was saying, but of himself. When an arguer argues dispassionately he thinks only of the argument; and the reader cannot help thinking of the argument too. If he had written dispassionately about women, had used indisputable proofs to establish his argument and had shown no trace of wishing that the result should be one thing rather than another, one would not have been angry either. One would have accepted the fact, as one accepts the fact that a pea is green or a canary yellow. So be it, I should have said. But I had been angry because he was angry. Yet it seemed absurd, I thought, turning over the evening paper, that a man with all this power should be angry. Or is anger, I wondered, somehow, the familiar, the attendant sprite on power? Rich people, for example, are often angry because they suspect that the poor want to seize their wealth. The professors, or patriarchs, as it might be more accurate to call them, might be angry for that reason partly, but partly for one that lies a little less obviously on the surface. Possibly they were not “angry” at all; often, indeed, they were admiring, devoted, exemplary in the relations of private life. Possibly when the professor insisted a little too emphatically upon the inferiority of women, he was concerned not with their inferiority, but with his own superiority. That was what he was protecting rather hot-headedly and with too much emphasis, because it was a jewel to him of the rarest price. Life for both sexes—and I looked at them, shouldering their way along the pavement—is arduous, difficult, a perpetual struggle. It calls for gigantic courage and strength. More than anything, perhaps, creatures of illusion as we are, it calls for confidence in oneself. Without self-confidence we are as babes in the cradle. And how can we generate this imponderable quality, which is yet so invaluable, most quickly? By thinking that other people are inferior to oneself. By feeling that one has some innate superiority—it may be wealth, or rank, a straight nose, or the portrait of a grandfather by Romney—for there is no end to the pathetic devices of the human imagination—over other people. Hence the enormous importance to a patriarch who has to conquer, who has to rule, of feeling that great numbers of people, half the human race indeed, are by nature inferior to himself. It must indeed be one of the chief sources of his power.
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Virginia Woolf (A Room of One's Own)
“
If enough individuals are full of despair and anger in their hearts, there will be violence in the streets. If enough individuals are full of greed and fear in their hearts, there will be racism and oppression in society. You can't remove the external social symptoms without treating the corresponding internal personal diseases...Pope Francis draws our attention to the 'invisible thread' of the market, which he describes as 'the mentality of profit at any price, with no concern for social exclusion or the destruction of nature.' This mentality generates inequality, which in turn generates 'a violence which no police, military, or intelligence resources can control'...changed individuals cross racial, religious, ethnic, class or political boundaries to build friendships. These friendship work like sutures, healing wounds in the social fabric. They 'humanize the other,' making it harder for groups to stereotype or scapegoat. They create little zones where the beloved community is manifest...They help people envision the common good--a situation where all are safe, free, and able to thrive. As my friend Shane Claiborne says, our problem isn't that rich people don't care about poor people; it's that all too often, rich people don't know any poor people. Knowing one another makes interpersonal change and reconciliation possible. (p. 167-168)
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”
Brian D. McLaren (The Great Spiritual Migration: How the World's Largest Religion Is Seeking a Better Way to Be Christian)
“
Theoretical models encompass a wide range of assumptions about domestic public debt. The overwhelming majority of models simply assume that debt is always honored. These include models in which deficit policy is irrelevant due to Ricardian equivalence.7 (Ricardian equivalence is basically the proposition that when a government cuts taxes by issuing debt, the public does not spend any of its higher after-tax income because it realizes it will need to save to pay taxes later.) Models in which debt is always honored include those in which domestic public debt is a key input in price level determination through the government’s budget constraint and models in which generations overlap
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”
Carmen M. Reinhart (This Time Is Different: Eight Centuries of Financial Folly)
“
The federal government could make a Rolls Royce affordable for every American, but we would not be a richer country as a result. We would in fact be a much poorer country, because of all the vast resources transferred from other economic activities to subsidize an extravagant luxury. [...] To have politicians arbitrarily change the price tags, so that prices no longer represent the real costs, is to defeat the whole purpose [of an economy: to make trade-offs, with the prices of a market economy representing the costs of producing things].
Reality doesn't change when the government changes price tags. Talk about "bringing down health care costs" is not aimed at the costly legal environment in which medical science operates, or other sources of needless medical costs. It is aimed at price control, which hides costs rather than reducing them. [...]
Whether in France during the 1790s, the Soviet Union after the Bolshevik revolution, or in newly independent African nations during the past generation, governments have imposed artificially low prices on food. In each case, this led to artificially low supplies of food and artificially high levels of hunger.
People who complain about the "prohibitive" cost of housing, or of going to college, for example, fail to understand that the whole point of costs is to be prohibitive. [...] The idea [that "basic necessities" should be a "right"] certainly sounds nice. But the very fact that we can seriously entertain such a notion, as if we were God on the first day of creation, instead of mortals constrained by the universe we find in place, shows the utter unreality of failing to understand that we can only make choices among alternatives actually available.
[...] Trade-offs [as opposed to solutions] remain inescapable, whether they are made through a market or through politics. The difference is that price tags present all the trade-offs simultaneously, while political 'affordability' policies arbitrarily fix on whatever is hot at the moment. That is why cities have been financing all kinds of boondoggles for years, while their bridges rusted and the roadways crumbled.
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Thomas Sowell (The Thomas Sowell Reader)
“
Most of the original Jewish freedom fighters who fought to establish Israel against all worldly forces, are now dead. Israel’s David Ben-Gurions and Moshe Dayans are gone. The next generation of Israeli leadership were tough, disciplined and resolute in preserving control over the land that God placed in their hands. Those leaders are now no longer in power. Recently, Israel was led by Prime Minister Ehud Olmert, who was, to put it charitably, no David Ben Gurion. He made it clear that he would deal away the land that the Lord granted to Israel, even saying in his final days in office that to attain peace with the Palestinians, Israel would have to withdraw “from nearly all of the West Bank as well as East Jerusalem.
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John Price (The End of America: The Role of Islam in the End Times and Biblical Warnings to Flee America)
“
We've reached a point in human history where higher education no longer works. As a result of technology, higher education in its traditional college setting no longer works. It will never be effective or progressive enough to keep up with the growing needs of employers who look to college institutions for their future employees.
I can appreciate the good intent the college system set out to achieve. For previous generations, the formula actually worked. Students enrolled into universities that were affordable, they gained marketable skills and they earned good jobs. Since there was a proven track record of success, parents instilled the value of college in their children thinking they would achieve the same success story they did, but unfortunately Wall Street was watching. Wall Street, the federal government and the college system ganged up and skyrocketed the cost of tuition to record highs. This was easy to do because not only did they have posters blanketing high schools showing kids what a loser they would be if they didn't go to college, they also had Mom and Dad at home telling them the same thing.
This system - spending 4+ years pursuing a college education when the world is changing at the speed of light - no longer works and it's not fixable. We now have the biggest employer's market in human history, where employers have their pick of the litter, and because of this employees will get paid less and less and benefits will continue to erode.
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Michael Price
“
RENEWABLE ENERGY REVOLUTION: SOLAR + WIND + BATTERIES In addition to AI, we are on the cusp of another important technological revolution—renewable energy. Together, solar photovoltaic, wind power, and lithium-ion battery storage technologies will create the capability of replacing most if not all of our energy infrastructure with renewable clean energy. By 2041, much of the developed world and some developing countries will be primarily powered by solar and wind. The cost of solar energy dropped 82 percent from 2010 to 2020, while the cost of wind energy dropped 46 percent. Solar and onshore wind are now the cheapest sources of electricity. In addition, lithium-ion battery storage cost has dropped 87 percent from 2010 to 2020. It will drop further thanks to the massive production of batteries for electrical vehicles. This rapid drop in the price of battery storage will make it possible to store the solar/wind energy from sunny and windy days for future use. Think tank RethinkX estimates that with a $2 trillion investment through 2030, the cost of energy in the United States will drop to 3 cents per kilowatt-hour, less than one-quarter of today’s cost. By 2041, it should be even lower, as the prices of these three components continue to descend. What happens on days when a given area’s battery energy storage is full—will any generated energy left unused be wasted? RethinkX predicts that these circumstances will create a new class of energy called “super power” at essentially zero cost, usually during the sunniest or most windy days. With intelligent scheduling, this “super power” can be used for non-time-sensitive applications such as charging batteries of idle cars, water desalination and treatment, waste recycling, metal refining, carbon removal, blockchain consensus algorithms, AI drug discovery, and manufacturing activities whose costs are energy-driven. Such a system would not only dramatically decrease energy cost, but also power new applications and inventions that were previously too expensive to pursue. As the cost of energy plummets, the cost of water, materials, manufacturing, computation, and anything that has a major energy component will drop, too. The solar + wind + batteries approach to new energy will also be 100-percent clean energy. Switching to this form of energy can eliminate more than 50 percent of all greenhouse gas emissions, which is by far the largest culprit of climate change.
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Kai-Fu Lee (AI 2041: Ten Visions for Our Future)
“
But overprotection is just one part of a larger trend that we call problems of progress. This term refers to bad consequences produced by otherwise good social changes. It’s great that our economic system produces an abundance of food at low prices, but the flip side is an epidemic of obesity. It’s great that we can connect and communicate with people instantly and for free, but this hyperconnection may be damaging the mental health of young people. It’s great that we have refrigerators, antidepressants, air conditioning, hot and cold running water, and the ability to escape from most of the physical hardships that were woven into the daily lives of our ancestors back to the dawn of our species. Comfort and physical safety are boons to humanity, but they bring some costs, too. We adapt to our new and improved circumstances and then lower the bar for what we count as intolerable levels of discomfort and risk. By the standards of our great-grandparents, nearly all of us are coddled. Each generation tends to see the one after it as weak, whiny, and lacking in resilience. Those older generations may have a point, even though these generational changes reflect real and positive progress. To repeat, we are not saying that the problems facing students, and young people more generally, are minor or “all in their heads.” We are saying that what people choose to do in their heads will determine how those real problems affect them. Our argument is ultimately pragmatic, not moralistic: Whatever your identity, background, or political ideology, you will be happier, healthier, stronger, and more likely to succeed in pursuing your own goals if you do the opposite of what Misoponos advised.
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”
Greg Lukianoff (The Coddling of the American Mind: How Good Intentions and Bad Ideas Are Setting up a Generation for Failure)
“
century. The most visible legacy of the wealth and splendor generated by the medieval spice trade still dazzles the eye today in Venice, whose grand palazzi and magnificent public architecture were built largely on profits from pepper, cinnamon, nutmeg, mace, and cloves. A hundred pounds of nutmeg, purchased in medieval Alexandria for ten ducats, might easily go for thirty or fifty ducats on the wharves of Venice. Even after payments for shipping, insurance, and customs duties at both ends, profits well in excess of 100 percent were routine; a typical Venetian galley carried one to three hundred tons between Egypt and Italy and earned vast fortunes for the imaginative and the lucky. During the medieval period, a corpulent Croesus was called a “pepper sack,” not a thoroughgoing insult, since the price of a bag of pepper was usually higher than that of a human being.
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”
William J. Bernstein (A Splendid Exchange: How Trade Shaped the World)
“
Certainly, the Negro has been deprived. Few people consider the fact that, in addition to being enslaved for two centuries, the Negro was, during all those years, robbed of the wages of his toil. No amount of gold could provide an adequate compensation for the exploitation and humiliation of the Negro in America down through the centuries. Not all the wealth of this affluent society could meet the bill. Yet a price can be placed on unpaid wages. The ancient common law has always provided a remedy for the appropriation of the labor of one human being by another. This law should be made to apply for American Negroes. The payment should be in the form of a massive program by the government of special, compensatory measures which could be regarded as a settlement in accordance with the accepted practice of common law. Such measures would certainly be less expensive than any computation based on two centuries of unpaid wages and accumulated interest.
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Martin Luther King Jr. (Why We Can't Wait)
“
One has but to consider the phenomenon of fashion, which has never been satisfactorily explained. Fashion is the despair of sociology and aesthetics: a prodigious contagion of forms in which chain reactions struggle for supremacy over the logic of distinctions. The pleasure of fashion is undeniably cultural in origin, but does it not stem even more clearly from a flaring, unmediated consensus generated by the interplay of signs? Moreover, fashions fade away like epidemics once they have ravaged the imagination, once the virus has run its course. The price to be paid in terms of waste is always exorbitant, yet everyone consents. The marvellous in our societies resides in this ultra-rapid circulation of signs at a surface level (as opposed to the ultra-slow circulation of meanings). We love being contaminated by this process, and not having to think about it. This is a viral onslaught as noxious as the plague, yet no moral sociology, no philosophical reason, will ever extirpate it. Fashion is an irreducible phenomenon because it partakes of a crazy, viral, mediationless form of communication which operates so fast for the sole reason that it never passes via the mediation of meaning.
Anything that bypasses mediation is a source of pleasure. In seduction there is a movement from the one to the other which does not pass via the same. (In cloning, it is the opposite: the movement is from the same to the same without passage via the other; and cloning holds great fascination for us.) In metamorphosis, the shift is from one form to another without passing via meaning. In poetry, from one sign to another without passing via the reference. The collapsing of distances, of intervening spaces, always produces a kind of intoxication. What does speed itself mean to us if not the fact of going from one place to another without traversing time, from one moment to another without passing via duration and movement? Speed is marvellous: time alone is wearisome.
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Jean Baudrillard
“
...I shall let [Anne] Wallace put the case herself, at what I think is necessary length:
'As travel in general becomes physically easier, faster, and less expensive, more people want and are able to arrive at more destinations with less unpleasant awareness of their travel process. At the same time the availability of an increasing range of options in conveyance, speed, price, and so forth actually encouraged comparisons of these different modes...and so an increasingly positive awareness of process that even permitted semi-nostalgic glances back at the bad old days...Then, too, although local insularity was more and more threatened...people also quite literally became more accustomed to travel and travellers, less fearful of 'foreign' ways, so that they gradually became able to regard travel as an acceptable recreation. Finally, as speeds increased and costs decreased, it simply ceased to be true that the mass of people were confined to that circle of a day's walk: they could afford both the time and the money to travel by various means and for purely recreational purposes...And as walking became a matter of choice, it became a possible positive choice: since the common person need not necessarily be poor. Thus, as awareness of process became regarded as advantageous, 'economic necessity' became only one possible reading (although still sometimes a correct one) in a field of peripatetic meanings that included 'aesthetic choice'.'
It sounds a persuasive case. It is certainly possible that something like the shift in consciousness that Wallace describes may have taken place by the 'end' (as conventionally conceived) of the Romantic period, and influenced the spread of pedestrianism in the 1820s and 1830s; even more likely that such a shift was instrumental in shaping the attitudes of Victorian writing in the railway age, and helped generate the apostolic fervour with which writers like Leslie Stephen and Robert Louis Stevenson treated the walking tour. But it fails to account for the rise of pedestrianism as I have narrated it.
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Robin Jarvis (Romantic Writing and Pedestrian Travel)
“
My family is a classic American-dream story. My great-grandparents fled Russia to avoid being murdered for their religion. Just two generations later, my parents fled New York City weekends for their country house. I never felt guilty about this. I was raised to believe America rewards hard work. But I was also raised to understand that luck plays a role in even the bootstrappiest success story. The cost of living the dream, I was taught, is the responsibility to expand it for others. It’s a more than fair price. Yet the people running the country didn’t see it that way. With George W. Bush in the White House, millionaires and billionaires were showered with tax cuts. Meanwhile, schools went underfunded. Roads and bridges deteriorated. Household incomes languished. Deficits ballooned. And America went to war. President Bush invaded Iraq to destroy weapons of mass destruction, a campaign which hit a snag when it turned out those weapons didn’t exist. But by then it was too late. We had broken a country and owned the resulting mess. Colin Powell called this “the Pottery Barn rule,” which, admittedly, was cute. Still, it’s hard to imagine a visit to Pottery Barn that costs trillions of dollars and thousands of American lives. Our leaders, in other words, had made bad choices. They would therefore be replaced with better ones. That’s how AP Government told me the system worked. In the real world, however, the invasion of Iraq became an excuse for a dark and antidemocratic turn. Those who questioned the war, the torture of prisoners—or even just the tax cuts—found themselves accused of something barely short of treason. No longer was a distinction made between supporting the president’s policies and America’s troops. As an electoral strategy, this was dangerous and cynical. Also, it worked. So no, I didn’t grow up with a high opinion of politicians. But I did grow up in the kind of environment where people constantly told me I could change the world. In 2004, eager to prove them right, I volunteered for John Kerry’s presidential campaign.
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David Litt (Thanks, Obama: My Hopey, Changey White House Years)
“
Honorable, happy, and successful marriage is surely the principal goal of every normal person. Marriage is perhaps the most vital of all the decisions and has the most far-reaching effects, for it has to do not only with immediate happiness, but also with eternal joys. It affects not only the two people involved, but also their families and particularly their children and their children’s children down through the many generations.
In selecting a companion for life and for eternity, certainly the most careful planning and thinking and praying and fasting should be done to be sure that of all the decisions, this one must not be wrong. In true marriage there must be a union of minds as well as of hearts. Emotions must not wholly determine decisions, but the mind and the heart, strengthened by fasting and prayer and serious consideration, will give one a maximum chance of marital happiness. It brings with it sacrifice, sharing, and a demand for great selflessness. . . .
Some think of happiness as a glamorous life of ease, luxury, and constant thrills; but true marriage is based on a happiness which is more than that, one which comes from giving, serving, sharing, sacrificing, and selflessness. . . .
One comes to realize very soon after marriage that the spouse has weaknesses not previously revealed or discovered. The virtues which were constantly magnified during courtship now grow relatively smaller, and the weaknesses which seemed so small and insignificant during courtship now grow to sizable proportions. The hour has come for understanding hearts, for self-appraisal, and for good common sense, reasoning, and planning. . . .
“Soul mates” are fiction and an illusion; and while every young man and young woman will seek with all diligence and prayerfulness to find a mate with whom life can be most compatible and beautiful, yet it is certain that almost any good man and any good woman can have happiness and a successful marriage if both are willing to pay the price.
There is a never-failing formula which will guarantee to every couple a happy and eternal marriage; but like all formulas, the principal ingredients must not be left out, reduced, or limited. The selection before courting and then the continued courting after the marriage process are equally important, but not more important than the marriage itself, the success of which depends upon the two individuals—not upon one, but upon two. . . .
The formula is simple; the ingredients are few, though there are many amplifications of each.
First, there must be the proper approach toward marriage, which contemplates the selection of a spouse who reaches as nearly as possible the pinnacle of perfection in all the matters which are of importance to the individuals. And then those two parties must come to the altar in the temple realizing that they must work hard toward this successful joint living.
Second, there must be a great unselfishness, forgetting self and directing all of the family life and all pertaining thereunto to the good of the family, subjugating self.
Third, there must be continued courting and expressions of affection, kindness, and consideration to keep love alive and growing.
Fourth, there must be a complete living of the commandments of the Lord as defined in the gospel of Jesus Christ. . . .
Two individuals approaching the marriage altar must realize that to attain the happy marriage which they hope for they must know that marriage is not a legal coverall, but it means sacrifice, sharing, and even a reduction of some personal liberties. It means long, hard economizing. It means children who bring with them financial burdens, service burdens, care and worry burdens; but also it means the deepest and sweetest emotions of all. . . .
To be really happy in marriage, one must have a continued faithful observance of the commandments of the Lord. No one, single or married, was ever sublimely happy unless he was righteous.
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Spencer W. Kimball
“
They basically suggest that specificity allows for a handful of neurons, whose activity is too faint to be measurable, to hypothetically explain lifetimes of complex and coherent experiences. Resuscitation specialist Dr. Sam Parnia’s candid rebuttal of this suggestion seems to frame it best: ‘When you die, there’s no blood flow going into your brain. If it goes below a certain level, you can’t have electric activity. It takes a lot of imagination to think there’s somehow a hidden area of your brain that comes into action when everything else isn’t working.’38 But even if we grant that there is hidden neural activity somewhere, the materialist position immediately raises the question of why we are born with such large brains if only a handful of neurons were sufficient to confabulate unfathomable dreams. After all, as a species, we pay a high price for our large brains in terms of metabolism and in terms of having to be born basically premature, since a more developed head cannot pass through a woman’s birth canal. Moreover, under ordinary conditions, it has been scientifically demonstrated that we generate measurable neocortical activity even when we dream of the mere clenching of a hand!39 It is, thus, incoherent to postulate that undetectable neural firings – the extreme of specificity – are sufficient to explain complex experiences.
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Bernardo Kastrup (Why Materialism Is Baloney: How True Skeptics Know There Is No Death and Fathom Answers to life, the Universe, and Everything)
“
Westerners, not just Lincoln Steffens. It took in the Central Intelligence Agency of the United States. It even took in the Soviet Union’s own leaders, such as Nikita Khrushchev, who famously boasted in a speech to Western diplomats in 1956 that “we will bury you [the West].” As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition, Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012. Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites. In addition, once all the very inefficiently used resources had been reallocated to industry, there were few economic gains to be had by fiat. Then the Soviet system hit a roadblock, with lack of innovation and poor economic incentives preventing any further progress. The only area in which the Soviets did manage to sustain some innovation was through enormous efforts in military and aerospace technology. As a result they managed to put the first dog, Leika, and the first man, Yuri Gagarin, in space. They also left the world the AK-47 as one of their legacies. Gosplan was the supposedly all-powerful planning agency in charge of the central planning of the Soviet economy. One of the benefits of the sequence of five-year plans written and administered by Gosplan was supposed to have been the long time horizon necessary for rational investment and innovation. In reality, what got implemented in Soviet industry had little to do with the five-year plans, which were frequently revised and rewritten or simply ignored. The development of industry took place on the basis of commands by Stalin and the Politburo, who changed their minds frequently and often completely revised their previous decisions. All plans were labeled “draft” or “preliminary.” Only one copy of a plan labeled “final”—that for light industry in 1939—has ever come to light. Stalin himself said in 1937 that “only bureaucrats can think that planning work ends with the creation of the plan. The creation of the plan is just the beginning. The real direction of the plan develops only after the putting together of the plan.” Stalin wanted to maximize his discretion to reward people or groups who were politically loyal, and punish those who were not. As for Gosplan, its main role was to provide Stalin with information so he could better monitor his friends and enemies. It actually tried to avoid making decisions. If you made a decision that turned
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Daron Acemoğlu (Why Nations Fail: FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty)
“
Of course, in the end a sense of mutual understanding isn’t enough. After all, talk is cheap; like any value, empathy must be acted upon. When I was a community organizer back in the eighties, I would often challenge neighborhood leaders by asking them where they put their time, energy, and money. Those are the true tests of what we value, I’d tell them, regardless of what we like to tell ourselves. If we aren’t willing to pay a price for our values, if we aren’t willing to make some sacrifices in order to realize them, then we should ask ourselves whether we truly believe in them at all.
By these standards at least, it sometimes appears that Americans today value nothing so much as being rich, thin, young, famous, safe, and entertained. We say we value the legacy we leave the next generation and then saddle that generation with mountains of debt. We say we believe in equal opportunity but then stand idle while millions of American children languish in poverty. We insist that we value family, but then structure our economy and organize our lives so as to ensure that our families get less and less of our time.
And yet a part of us knows better. We hang on to our values, even if they seem at times tarnished and worn; even if, as a nation and in our own lives, we have betrayed them more often than we care to remember. What else is there to guide us? Those values are our inheritance, what makes us who we are as a people. And although we recognize that they are subject to challenge, can be poked and prodded and debunked and turned inside out by intellectuals and cultural critics, they have proven to be both surprisingly durable and surprisingly constant across classes, and races, and faiths, and generations. We can make claims on their behalf, so long as we understand that our values must be tested against fact and experience, so long as we recall that they demand deeds and not just words.
To do otherwise would be to relinquish our best selves.
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Barack Obama (The Audacity of Hope: Thoughts on Reclaiming the American Dream)
“
gave up on the idea of creating “socialist men and women” who would work without monetary incentives. In a famous speech he criticized “equality mongering,” and thereafter not only did different jobs get paid different wages but also a bonus system was introduced. It is instructive to understand how this worked. Typically a firm under central planning had to meet an output target set under the plan, though such plans were often renegotiated and changed. From the 1930s, workers were paid bonuses if the output levels were attained. These could be quite high—for instance, as much as 37 percent of the wage for management or senior engineers. But paying such bonuses created all sorts of disincentives to technological change. For one thing, innovation, which took resources away from current production, risked the output targets not being met and the bonuses not being paid. For another, output targets were usually based on previous production levels. This created a huge incentive never to expand output, since this only meant having to produce more in the future, since future targets would be “ratcheted up.” Underachievement was always the best way to meet targets and get the bonus. The fact that bonuses were paid monthly also kept everyone focused on the present, while innovation is about making sacrifices today in order to have more tomorrow. Even when bonuses and incentives were effective in changing behavior, they often created other problems. Central planning was just not good at replacing what the great eighteenth-century economist Adam Smith called the “invisible hand” of the market. When the plan was formulated in tons of steel sheet, the sheet was made too heavy. When it was formulated in terms of area of steel sheet, the sheet was made too thin. When the plan for chandeliers was made in tons, they were so heavy, they could hardly hang from ceilings. By the 1940s, the leaders of the Soviet Union, even if not their admirers in the West, were well aware of these perverse incentives. The Soviet leaders acted as if they were due to technical problems, which could be fixed. For example, they moved away from paying bonuses based on output targets to allowing firms to set aside portions of profits to pay bonuses. But a “profit motive” was no more encouraging to innovation than one based on output targets. The system of prices used to calculate profits was almost completely unconnected to the value of new innovations or technology. Unlike in a market economy, prices in the Soviet Union were set by the government, and thus bore little relation to value. To more specifically create incentives for innovation, the Soviet Union introduced explicit innovation bonuses in 1946. As early as 1918, the principle had been recognized that an innovator should receive monetary rewards for his innovation, but the rewards set were small and unrelated to the value of the new technology. This changed only in 1956, when it was stipulated that the bonus should be proportional to the productivity of the innovation. However, since productivity was calculated in terms of economic benefits measured using the existing system of prices, this was again not much of an incentive to innovate. One could fill many pages with examples of the perverse incentives these schemes generated. For example, because the size of the innovation bonus fund was limited by the wage bill of a firm, this immediately reduced the incentive to produce or adopt any innovation that might have economized on labor.
”
”
Daron Acemoğlu (Why Nations Fail: FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty)
“
Growth was so rapid that it took in generations of Westerners, not just Lincoln Steffens. It took in the Central Intelligence Agency of the United States. It even took in the Soviet Union’s own leaders, such as Nikita Khrushchev, who famously boasted in a speech to Western diplomats in 1956 that “we will bury you [the West].” As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition, Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012. Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites. In addition, once all the very inefficiently used resources had been reallocated to industry, there were few economic gains to be had by fiat. Then the Soviet system hit a roadblock, with lack of innovation and poor economic incentives preventing any further progress. The only area in which the Soviets did manage to sustain some innovation was through enormous efforts in military and aerospace technology. As a result they managed to put the first dog, Leika, and the first man, Yuri Gagarin, in space. They also left the world the AK-47 as one of their legacies. Gosplan was the supposedly all-powerful planning agency in charge of the central planning of the Soviet economy. One of the benefits of the sequence of five-year plans written and administered by Gosplan was supposed to have been the long time horizon necessary for rational investment and innovation. In reality, what got implemented in Soviet industry had little to do with the five-year plans, which were frequently revised and rewritten or simply ignored. The development of industry took place on the basis of commands by Stalin and the Politburo, who changed their minds frequently and often completely revised their previous decisions. All plans were labeled “draft” or “preliminary.” Only one copy of a plan labeled “final”—that for light industry in 1939—has ever come to light. Stalin himself said in 1937 that “only bureaucrats can think that planning work ends with the creation of the plan. The creation of the plan is just the beginning. The real direction of the plan develops only after the putting together of the plan.” Stalin wanted to maximize his discretion to reward people or groups who were politically loyal, and punish those who were not. As for Gosplan, its main role was to provide Stalin with information so he could better monitor his friends and enemies. It actually tried to avoid making decisions. If you made a decision that turned out badly, you might get shot. Better to avoid all responsibility. An example of what could happen
”
”
Daron Acemoğlu (Why Nations Fail: FROM THE WINNERS OF THE NOBEL PRIZE IN ECONOMICS: The Origins of Power, Prosperity and Poverty)