Information Is Wealth Quotes

We are buried beneath the weight of information, which is being confused with knowledge; quantity is being confused with abundance and wealth with happiness. We are monkeys with money and guns.

Responsibility I believe accrues through privilege. People like you and me have an unbelievable amount of privilege and therefore we have a huge amount of responsibility. We live in free societies where we are not afraid of the police; we have extraordinary wealth available to us by global standards. If you have those things, then you have the kind of responsibility that a person does not have if he or she is slaving seventy hours a week to put food on the table; a responsibility at the very least to inform yourself about power. Beyond that, it is a question of whether you believe in moral certainties or not.

You need mountains, long staircases don't make good hikers.

...a wealth of information creates a poverty of attention...

The mass media serve as a system for communicating messages and symbols to the general populace. It is their function to amuse, entertain, and inform, and to inculcate individuals with the values, beliefs, and codes of behavior that will integrate them into the institutional structures of the larger society. In a world of concentrated wealth and major conflicts of class interest, to fulfil this role requires systematic propaganda.

What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention, and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.

Today, wealth is in information. And the person who has the most timely information owns the wealth.

In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.

But this wealth of information produced little or no insight.

Why should we cherish “objectivity”, as if ideas were innocent, as if they don’t serve one interest or another? Surely, we want to be objective if that means telling the truth as we see it, not concealing information that may be embarrassing to our point of view. But we don’t want to be objective if it means pretending that ideas don’t play a part in the social struggles of our time, that we don’t take sides in those struggles. Indeed, it is impossible to be neutral. In a world already moving in certain directions, where wealth and power are already distributed in certain ways, neutrality means accepting the way things are now. It is a world of clashing interests – war against peace, nationalism against internationalism, equality against greed, and democracy against elitism – and it seems to me both impossible and undesirable to be neutral in those conflicts.

What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention.

Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That's all you know about them. We tend to judge wealth by what we see, because that's the (self-edit: only) information we have in front of us.

Your husband may not be a wealth of pregnancy information, but he is a wealth of 'you' information. He probably knows you better than anyone else in this world (which means he understands your current neediness pretty well). He also probably loves you more than anyone else in this world. So, while he may not be the person to turn to if you need to know how to soothe breast tenderness, he's the perfect person to turn to when you need a hand to hold.

Among other possibilities, money was invented to make it possible for a foolish man to control wise men; a weak man, strong men; a child, old men; an ignorant man, knowledgeable men; and for a dwarf to control giants.

A wealth of information creates a poverty of attention.

Parental wealth is especially important for social mobility, because it can provide informal insurance that allows kids to take more risks in search of more reward.

Modern medicine is not scientific, it is full of prejudice, illogic and susceptible to advertising. Doctors are not taught to reason, they are programmed to believe in whatever their medical schools teach them and the leading doctors tell them. Over the past 20 years the drug companies, with their enormous wealth, have taken medicine over and now control its research, what is taught and the information released to the public.

The same three tasks recur across cultures and epochs: to shelter what is precious, to yield what is valuable, and to dispose of what is harmful. Shelter (memories, precious matter, messages, fragile lives). Yield (information, wealth, metaphors, minerals, visions). Dispose (waste, trauma, poison, secrets). Into the underland we have long placed that which we fear and wish to lose, and that which we love and wish to save.

Although some popular religious texts such as the New Testament, Quran, Bhagavad Gita, Tao Te Ching, or Tibetan Book of the Dead contain interesting insights and stories, it is the Jewish religious texts such as the Old Testament (Hebrew Scriptures) that contain valuable information on acquiring wealth.

In the information age, build a website before you build a workplace.

The wise never confuse information or data, however prodigious or cleverly deployed, with comprehensive knowledge or wisdom...Be wise.

Land was wealth 300 years ago. So the person who owned the land owned the wealth. Then, it was factories and production, and America rose to dominance. The industrialist owned the wealth. Today, it is information. And the person who has the most timely information owns the wealth.

Whether it’s your health, wealth, happiness, or any other element of your entire life experience, it is essential to keep in mind the importance of the movement of your attention. You must be obstinate and persistent in not allowing the viewpoints or information of others to alter your inner world. You know what you wish to become and what you would like to manifest for yourself.

I am completely convinced that there is a wealth of information built into us, with miles of intuitive knowledge tucked away in the genetic material of every one of our cells. Something akin to a library containing uncountable reference volumes, but without any obvious route of entry. And, without some means of access, there is no way to even begin to guess at the extent and quality of what is there. The psychedelic drugs allow exploration of this interior world, and insights into its nature.

Work smart, stay informed, never give up, and great things will happen.

Research doesn't assure definite rewards, but it assures lesser risk.

Information consumes the attention of its recipients,” he explained, and “a wealth of information creates a poverty of attention.

In the information age, man and spider both live in a web.

The higher goal of spiritual living is not to amass a wealth of information, but to face sacred moments. In a religious experience, for example, it is not a thing that imposes itself on man but a spiritual presence. 5 What is retained in the soul is the moment of insight rather than the place where the act came to pass. A moment of insight is a fortune, transporting us beyond the confines of measured time.

Back in the seventies, Herbert Simon, the Nobel-winning economist, took these inchoate sentiments and explained them rigorously: “What information consumes is rather obvious. It consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention.

The meaning of man's life, as we have seen, is not measured by what he has, but by what he is. No matter how many possessions we have amassed, how much wealth we have accrued, how respected and secure our position is in society, how numerous the pieces of information we have accumulated, in moments of lucidity we may still abruptly perceive the dreadful futility of it all, the overwhelming emptiness and pointlessness of such a life.

Decades before we began to drown in a sea of distractions, cognitive scientist Herbert Simon made this prescient observation: “What information consumes is attention. A wealth of information means a poverty of attention.

While property continues to be pretty equally divided, and a considerable share of information pervades the community; the tendency of the people's suffrages, will be to elevate merit even from obscurity. As riches increase and accumulate in few hands; as luxury prevails in society; virtue will be in a greater degree considered as only a graceful appendage of wealth, and the tendency of things will be to depart from the republican standard.

Just how rich are you?” I finally ask. ​“Pretty rich,” Snabe informs me. “I didn’t really earn it, though. I was written into incredible wealth by Chuck Tingle, the author. You can’t really just be a bad boy in books like this, you’ve gotta be a billionaire bad boy. It’s kinda toxic, actually.” ​I

The ultimate insanity is to so organize society that power, wealth, and information are concentrated in the hands of so few people that they have the power, for whatever reason, to put to death our species and the living earth as well. But so we have.

There was nothing worse, Veppers thought, than a loser who’d made it. It was just part of the way things worked – part of the complexity of life, he supposed – that sometimes somebody who absolutely deserved nothing more than to be one of the down-trodden, the oppressed, the dregs of society, lucked out into a position of wealth, power and admiration. At least people who were natural winners knew how to carry themselves in their pomp, whether their ascendancy had come through the luck of being born rich and powerful or the luck of being born ambitious and capable. Losers who’d made it always let the side down. Veppers was all for arrogance – he possessed the quality in full measure himself, as he’d often been informed – but it had to be deserved, you had to have worked for it. Or at the very least, an ancestor had to have worked for it. Arrogance without cause, arrogance without achievement – or that mistook sheer luck for true achievement – was an abomination. Losers made everybody look bad. Worse, they made the whole thing – the great game that was life – appear arbitrary, almost meaningless. Their only use, Veppers had long since decided, was as examples to be held up to those who complained about their lack of status or money or control over their lives: look, if this idiot can achieve something, so can anybody, so can you. So stop whining about being exploited and work harder. Still, at least individual losers were quite obviously statistical freaks. You could allow for that, you could tolerate that, albeit with gritted teeth. What he would not have believed was that you could find an entire society – an entire civilization– of losers who’d made it.

A wealth of information creates a poverty of attention. —HERBERT SIMON

Lead the way Batman.” “Batman?” She winked. “Your Mom’s a wealth of information. “Aww fuck.” Seriously? She’d been here for what, sixty seconds?

Be a worthy company and clients will come.

A data bank holding all the information that is in this universe can be found in God

One of the crucial traits of real leaders in a democracy is the ability to help people become better informed so that society can make better choices.

Why do we rely almost exclusively on markets and commercial firms to produce cars, steel, and wheat, but much less so for the most critical information our advanced societies depend on?

shelter what is precious, to yield what is valuable, and to dispose of what is harmful. Shelter (memories, precious matter, messages, fragile lives). Yield (information, wealth, metaphors, minerals, visions). Dispose (waste, trauma, poison, secrets). Into the underland we have long placed that which we fear and wish to lose, and that which we love and wish to save. I Descending

Archivists were passionate people, some of whom dedicated their whole lives to the pursuit of unbiased truth. Given the wealth of information that needed sorting through, professional archivists relied heavily upon volunteers to help keep public files current. Rosemary had always imagined them like guardians from some fantasy vid, defending the galaxy from inaccuracies and questionable data. ‘What

No matter what we do in this life, all the information we gather and all the knowledge we accumulate and all the effort we make to amass wealth through work and business—when the time comes for us to leave this life, all of it is futile and in vain. It will not help us in any way whatsoever. I can easily say this since I am not educated at all! So I can smile and act big about this. Don’t be angry, please.

The creation of wealth is not simply a physical process and cannot be explained by a chain of cause and effect. It is determined not by objective physical facts known to any one mind but by the separate, differing, information of millions, which is precipitated in prices that serve to guide further decisions.

Now I would solicit the particular attention of those numerous people who imagine that money is everything in this world, and that rank and ability are inseparable from wealth: let them observe that Cincinnatus, the one man in whom Rome reposed all her hope of survival, was at that moment working a little three-acre farm (now known as Quinctian meadows) west of the Tiber, just opposite the spot where the shipyards are today. A mission from the city found him at work on his land - digging a ditch, maybe, or ploughing. Greetings were exchanged, and he was asked - with a prayer for God's blessing on himself and his country - to put on his toga and hear the Senate's instructions. This naturally surprised him, and, asking if all were well, he told his wife Racilia to run to their cottage and fetch his toga. The toga was brought, and wiping the grimy sweat from his hands and face he put it on; at once the envoys from the city saluted him, with congratulations, as Dictator, invited him to enter Rome, and informed him of the terrible danger of Minucius's army.

If you’ve ever taken an economics course you know that markets are supposed to be based on informed consumers making rational choices. I don’t have to tell you, that’s not what’s done. If advertisers lived by market principles then some enterprise, say, General Motors, would put on a brief announcement of their products and their properties, along with comments by Consumer Reports magazine so you could make a judgment about it. That’s not what an ad for a car is—an ad for a car is a football hero, an actress, the car doing some crazy thing like going up a mountain or something. If you’ve ever turned on your television set, you know that hundreds of millions of dollars are spent to try to create uninformed consumers who will make irrational choices—that’s what advertising is.

The question, then, is not about changing people; it's about reaching people. I'm not speaking simply of better information, a sharper and clearer factual presentation to disperse the thick fogs generated by today's spin machines. Of course, we always need stronger empirical arguments to back up our case. It would certainly help if at least as many people who believe, say, in a "literal devil" or that God sent George W. Bush to the White House also knew that the top 1 percent of households now have more wealth than the bottom 90 percent combined. Yes, people need more information than they get from the media conglomerates with their obsession for nonsense, violence and pap. And we need, as we keep hearing, "new ideas." But we are at an extraordinary moment. The conservative movement stands intellectually and morally bankrupt while Democrats talk about a "new direction" without convincing us they know the difference between a weather vane and a compass. The right story will set our course for a generation to come.

In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention.” Simon’s insight is often reduced to “In a world of abundance, the only scarcity is human attention.” Our

The second most dangerous thing about money is that it leaves most of the people who have a lot of it with the unshakable belief that they are intelligent and well informed. The most dangerous thing about it is that it leaves most of the people who do not have a lot of money with the very same belief.

There is another human defect which the Law of Natural Selection has yet to remedy: When people of today have full bellies, they are exactly like their ancestors of a million years ago: very slow to acknowledge any awful troubles they may be in. [...] This was a particularly tragic flaw a million years ago, since the people who were best informed about the state of the planet [...] and rich and powerful enough to slow down all the waste and destruction going on, were by definition well fed. So everything was always just fine as far as they were concerned. For all the computers and measuring instruments and news gatherers and evaluators and memory banks and libraries and experts on this and that at their disposal, their deaf and blind bellies remained the final judges of how urgent this or that problem, such as the destruction of North America’s and Europe’s forests by acid rain, say, might really be. And here was the sort of advice a full belly gave and still gives [...]: “Be patient. Smile. Be confident. Everything will turn out for the best somehow.

Just so hollow and ineffectual, for the most part, is our ordinary conversation. Surface meets surface. When our life ceases to be inward and private, conversation degenerates into mere gossip. We rarely meet a man who can tell us any news which he has not read in a newspaper, or been told by his neighbor; and, for the most part, the only difference between us and our fellow is, that he has seen the newspaper, or been out to tea, and we have not. In proportion as our inward life fails, we go more constantly and desperately to the post-office. You may depend on it, that the poor fellow who walks away with the greatest number of letters, proud of his extensive correspondence, has not heard from himself this long while. I do not know but it is too much to read one newspaper a week. I have tried it recently, and for so long it seems to me that I have not dwelt in my native region. The sun, the clouds, the snow, the trees say not so much to me. You cannot serve two masters. It requires more than a day's devotion to know and to possess the wealth of a day. We may well be ashamed to tell what things we have read or heard in our day. I do not know why my news should be so trivial,--considering what one's dreams and expectations are, why the developments should be so paltry. The news we hear, for the most part, is not news to our genius. It is the stalest repetition.

Such is the strange situation in which modern philosophy finds itself. No former age was ever in such a favourable position with regard to the sources of our knowledge of human nature. Psychology, ethnology, anthropology, and history have amassed an astoundingly rich and constantly increasing body of facts. Our technical instruments for observation and experimentation have been immensely improved, and our analyses have become sharper and more penetrating. We appear, nonetheless, not yet to have found a method for the mastery and organization of this material. When compared with our own abundance the past may seem very poor. But our wealth of facts is not necessarily a wealth of thoughts. Unless we succeed in finding a clue of Ariadne to lead us out of this labyrinth, we can have no real insight into the general character of human culture; we shall remain lost in a mass of disconnected and disintegrated data which seem to lack all conceptual unity.

The persons who become rich are, generally speaking, industrious, resolute, proud, covetous, prompt, methodical, sensible, unimaginative, insensitive, and ignorant. The persons who remain poor are the entirely foolish, the entirely wise, the idle, the reckless, the humble, the thoughtful, the dull, the imaginative, the sensitive, the well-informed, the improvident, the irregularly and impulsively wicked, the clumsy knave, the open thief, and the entirely merciful just and godly person.

Liberation technology creates wealth, and open-source technology creates wealth. In both instances the 'center of gravity' for dramatic change toward resilience and sustainability is the human brain mass of five billion poor--the one billion rich have failed to 'scale.' The human brain is the one unlimited resource we have on Earth.

In almost every competitive area, including most of the world’s multitrillion-dollar investment activity, the migration of transactions into cyberspace will be driven by an almost hydraulic pressure—the impetus to avoid predatory taxation, including the tax that inflation places upon everyone who holds his wealth in a national currency.

Consider Herbert A. Simon, a right sharp scientific thinker, who did his thinking most frequently at Carnegie Mellon, by which I mean this chap was smart as shit. Check out some of his smart-thinks: “In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.” A wealth of information creates a poverty of attention. Slogan-worthy.

The new source of power is not money in the hands of a few, but information in the hands of many. Educate and Empower & see the results.

I love social media. I love the connectivity it provides, the creativity it allows, and the breathtaking wealth of information we all have at our fingertips because of it.

a wealth of information creates a poverty of attention.

One speaker, Herbert Simon, was a Carnegie Mellon professor of computer science and psychology who later won a Nobel for his work in economics. In his presentation, he warned that the growth of information could become a burden. Why? “Information consumes the attention of its recipients,” he explained, and “a wealth of information creates a poverty of attention.”1

Wealth creation is not a business suited to those whose skill set consists of voting “present.” It requires decision making, risk taking, hard information, discipline, insight, and intelligence.

If you look at wealth distribution statistics from the last century you’ll notice that the top 4% own about 64% of wealth and the top 20% own about 80% of the wealth. This is despite this being the “information age.” You’d imagine that a hundred years ago only the wealthy had good access to information, hence it’s understandable why they held 80% of the wealth. Yet this wealth distribution statistic still holds up today, an age where information has been democratized and where even the poorest people have pretty much the same access to information as the wealthiest people. This proves that lack of information isn’t the issue holding back the bottom 80% of business owners—it’s human behavior and mindset. That certainly hasn’t changed in the last 100 years.

confined to a small volume of inhabitable space on Cleft for the remainder of their lives, were impoverished in many ways. Of information, however, they had an inexhaustible wealth. Essentially every document that had ever been digitized was available to them,

The strategic location of the intelligentsia, whether in the mass media or in educational institutions, enables them to filter what information gets through to the general public, protecting the welfare state vision and with it a flattering vision of themselves.

Imagine going to Mexico with a notebook and trying to figure out the average wealth of the population from talking to people you randomly encounter. Odds are that, without Carlos Slim in your sample, you have little information. For out of the hundred or so million Mexicans, Slim would (I estimate) be richer than the bottom seventy to ninety million all taken together. So you may sample fifty million persons and unless you include that “rare event,” you may have nothing in your sample and underestimate the total wealth.

Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That’s all you know about them. We tend to judge wealth by what we see, because that’s the information we have in front of us. We can’t see people’s bank accounts or brokerage statements. So we rely on outward appearances to gauge financial success. Cars. Homes. Instagram photos. Modern capitalism makes helping people fake it until they make it a cherished industry.

Another error that prognosticators make is to consider the transformations that will result from a single trend in today’s world as if nothing else will change. A good example is the concern that radical life extension will result in overpopulation and the exhaustion of limited material resources to sustain human life, which ignores comparably radical wealth creation from nanotechnology and strong AI. For example, nanotechnology-based manufacturing devices in the 2020s will be capable of creating almost any physical product from inexpensive raw materials and information.

A jewelry box? Ballerinas? She'd been such an active girl that any jewelry she'd been given would have been lost or broken right away. It was Faye Marie who'd loved- "My sister," she gasped, then louder. "My sister!" She clasped her hands together in a pleading gesture. "My lord, I beg pardon of you, but you're mistaken. I believe you gifted that treasure box to my older sister, Faye Marie. She's the one who loved ballerinas. I was obsessed with-" "Pegasus." The old justice's eyes melted from cold to kindness. "It was a trick question. I'd forgotten your birthday was so close to mine, and shared my spice cake out of pure guilt." His lined face wrinkled as he smiled with a fond memory. "You were a kind little soul, unspoiled for a girl raised in such wealth. You forgave me instantly and informed me that spice cake was, indeed, your favorite present ever received.

It is worth noting here how extraordinary it was for anyone to be homeless in North Korea. This was, after all, the country that had developed the most painstaking systems to keep track of its citizens. Everybody had a fixed address and a work unit and both were tied to food rations—if you left home, you couldn’t get fed. People didn’t dare visit a relative in the next town without a travel permit. Even overnight visitors were supposed to be registered with the inminban, which in turn had to report to the police the name, gender, registration number, travel permit number, and the purpose of the visit. Police conducted regular spot checks around midnight to make sure nobody had unauthorized visitors. One had to carry at all times a “citizen’s certificate,” a twelve-page passport-size booklet that contained a wealth of information about the bearer. It was modeled on the old Soviet ID. All that changed with the famine. Without food distribution, there was no reason to stay at your fixed address. If sitting still meant you starved to death, no threat the regime levied could keep people home. For the first time, North Koreans were wandering around their own country with impunity.

though the interest of the labourer is strictly connected with that of the society, he is incapable either of comprehending that interest, or of understanding its connexion with his own. His condition leaves him no time to receive the necessary information, and his education and habits are commonly such as to render him unfit to judge, even though he was fully informed. In the public deliberations, therefore, his voice is little heard, and less regarded; except upon particular occasions, when his clamour is animated, set on, and supported by his employers, not for his, but their own particular purposes.

When children play, they exercise their senses, their intellect, their emotions, their imagination—keenly and energetically.… To play is to explore, to discover and to experiment. Playing helps children develop ideas and gain experience. It gives them a wealth of knowledge and information about the world in which they live—and about themselves. So to play is also to learn. Play is fun for children. But it’s much more than that—it’s good for them, and it’s necessary. … Play gives children the opportunity to develop and use the many talents they were born with. Instruction sheet in Lego® toys (1985) CENTRAL

Almost on crossing the Ohio line it seemed to me that people were more open and more outgoing. The waitress in a roadside stand said good morning before I had a chance to, discussed breakfast as though she liked the idea, spoke with enthusiasm about the weather, sometimes even offered some information about herself without my delving. Strangers talked freely to one another without caution. I had forgotten how rich and beautiful is the countryside - the deep topsoil, the wealth of great trees, the lake country of Michigan handsome as a well-made woman, and dressed and jeweled. It seemed to me that the earth was generous and outgoing here in the heartland, and perhaps the people took a cue from it.

The problem with fiat is that simply maintaining the wealth you already own requires significant active management and expert decision-making. You need to develop expertise in portfolio allocation, risk management, stock and bond valuation, real estate markets, credit markets, global macro trends, national and international monetary policy, commodity markets, geopolitics, and many other arcane and highly specialized fields in order to make informed investment decisions that allow you to maintain the wealth you already earned. You effectively need to earn your money twice with fiat, once when you work for it, and once when you invest it to beat inflation. The simple gold coin saved you from all of this before fiat.

To be sure, it would be a mistake to underestimate the importance of the intuitive knowledge that everyone acquires about contemporary wealth and income levels, even in the absence of any theoretical framework or statistical analysis. Film and literature, nineteenth-century novels especially, are full of detailed information about the relative wealth and living standards of different social groups, and especially about the deep structure of inequality, the way it is justified, and its impact on individual lives. Indeed, the novels of Jane Austen and Honoré de Balzac paint striking portraits of the distribution of wealth in Britain and France between 1790 and 1830. Both novelists were intimately acquainted with the hierarchy of wealth in their respective societies.

We live in a society that is based on 30-second sound bites. We have technology that puts all of the information of humankind at our fingertips, but we have the attention span of a three-year-old at a carnival midway on the Fourth of July. We throw around a lot of words like democracy, federal, republic, nationalist, socialist, liberal, and right-wing—but do we really know what they mean?

The Mommy Mystique tells us that we are the luckiest women in the world -- the freest, with the most choices, the broadest horizons, the best luck, and the most wealth. It says we have the knowledge and know-how to make "informed decisions" that will guarantee the successful course of our children's lives. It tells us that if we choose badly our children will fall prey to countless dangers -- from insecure attachment to drugs to kidnapping to a third-rate college. And if this happens, if our children stray from the path toward happiness and success, we will have no one but ourselves to blame. Because to point fingers out at society, to look beyond ourselves, is to shirk "personal responsibility." To admit that we cannot do everything ourselves, that indeed we need help -- and help on a large, systematic scale -- is tantamount to admitting personal failure.

It is quite natural, then, that the solidly unionized professional paraphrast experiences a surge of dull hatred and fear, and in some cases real panic, when confronted with the possibility that a shift in fashion, or the influence of an adventurous publishing house, may suddenly remove from his head the cryptic rosebush he carries or the maculated shield erected between him and the specter of inexorable knowledge. As a result the canned music of rhymed versions is enthusiastically advertised, and accepted, and the sacrifice of textual precision applauded as something rather heroic, whereas only suspicion and bloodhounds await the gaunt, graceless literalist groping around in despair for the obscure word that would satisfy impassioned fidelity and accumulating in the process a wealth of information which only makes the advocates of pretty camouflage tremble or sneer.

Every human being asks pertinent questions regarding how to live, what to believe in, and what we aspire to become. Throughout life, we question what desires and principles to value and prioritize – love, friendship, freedom, happiness, creativity, wealth, security. We make difficult decisions based upon what we trust constitutes ethical behavior. We balance out work and play by considering what a person’s time is worth. We encounter both joyful and unpleasant physical experiences. As we age, we modify some of our youthful assumptions and question the existence of a mystical and divine world. We engage in formal and informal educational activities, which edifying foundation support modest or dramatic shifts in our instinctive and learned behavior patterns, and alter our intellectual and emotional perspective. Each person aspires to live honorably and age gracefully despite encountering physical adversity, financial hardships, sickness, or injury.

Merrill Meewee knew his stones. As a boy in Kenya, skipping stones was his favorite free-time activity. There had been an abundance of saucer-shaped missiles on the banks of his father’s own fishpond. Fat, river-smoothed disks, they skipped ten, twelve, sixteen times before slipping beneath the surface with a watery plop. His father, a man of little wealth but great forbearance, was not pleased with his boy’s solitary pastime, but he never ordered him to stop. Instead, he asked the boy how many stones he thought the pond could hold. I don’t know, Meewee remembered answering. A hundred thousand? Oh, such a big number! And how many stones do you suppose you’ve thrown already? Merrill, who was an excellent student, calculated the number of stones he might have tossed in an hour and how many free hours were left each day after school and chores, how many afternoons in how many years since he first discovered the sport. I would estimate 14,850, he informed his father with a certain amount of swagger. His father was impressed. So many? And all of them have gone to the bottom? Of course they’ve gone to the bottom, he had said, embarrassed by his father’s apparent ignorance. They’re stones. They’re heavier than water. And heavier than fishes? Of course heavier than fishes. Good, good, his father concluded, patting him on the head. Keep at it, son, and soon I won’t have to work so hard. Father? It’s true. When you fill up my pond with your stones, I won’t need nets and plungers to harvest the fish. I’ll simply wade up to my ankles and pick them like squash. It was a lesson in diplomacy, as much as aquaculture, and it stayed with him all these years.

Most of us are not prepared to read the Word of God as He deserves. Our training in reading has been typically ordered to anything but reverence. We read in school for tests, developing the art of anticipating the questions of our teachers. We read casually for entertainment and pleasure, as scarce time permits, scanning and skipping around as we freely choose. We read for business, and profit, culling through words for whatever seems of value to us here and now. Words are for us seen as information for our profit, or entertainment or pleasure. Rarely do we have a sense of words as treasure as infinite value, or of food for life of famine, or of clear and clean water in parched, dead-dry desert. Yet the Word of God, in Scripture, is all this and more. His words are a living seed with potentials for full growth that we cannot fully imagine. His words are healing medicine to dying mankind. His words are boundless wealth to the destitute poor, and rejuvenation to those broken by age. His words are all this and more, because they are His words to us, His children whom He loves with a love we can hardly begin to grasp.

A brick could be used to show you how to live a richer, fuller, more satisfying life. Don’t you want to have fulfillment and meaning saturating your existence? I can show you how you can achieve this and so much more with just a simple brick. For just $99.99—not even an even hundred bucks, I’ll send you my exclusive life philosophy that’s built around a brick. Man’s used bricks to build houses for centuries. Now let one man, me, show you how a brick can be used to build your life up bigger and stronger than you ever imagined. But act now, because supplies are limited. This amazing offer won’t last forever. You don’t want to wake up in ten years to find yourself divorced, homeless, and missing your testicles because you waited even two hours too long to obtain this information. Become a hero today—save your life. Procrastination is only for the painful things in life. We prolong the boring, but why put off for tomorrow the exciting life you could be living today? If you’re not satisfied with the information I’m providing, I’m willing to offer you a no money back guarantee. That’s right, you read that wrong. If you are not 100% dissatisfied with my product, I’ll give you your money back. For $99.99 I’m offering 99.99%, but you’ve got to be willing to penny up that percentage to 100. Why delay? The life you really want is mine, and I’m willing to give it to you—for a price. That price is a one-time fee of $99.99, which of course everyone can afford—even if they can’t afford it. Homeless people can’t afford it, but they’re the people who need my product the most. Buy my product, or face the fact that in all probability you are going to end up homeless and sexless and unloved and filthy and stinky and probably even disabled, if not physically than certainly mentally. I don’t care if your testicles taste like peanut butter—if you don’t buy my product, even a dog won’t lick your balls you miserable cur. I curse you! God damn it, what are you, slow? Pay me my money so I can show you the path to true wealth. Don’t you want to be rich? Everything takes money—your marriage, your mortgage, and even prostitutes. I can show you the path to prostitution—and it starts by ignoring my pleas to help you. I’m not the bad guy here. I just want to help. You have some serious trust issues, my friend. I have the chance to earn your trust, and all it’s going to cost you is a measly $99.99. Would it help you to trust me if I told you that I trust you? Well, I do. Sure, I trust you. I trust you to make the smart decision for your life and order my product today. Don’t sleep on this decision, because you’ll only wake up in eight hours to find yourself living in a miserable future. And the future indeed looks bleak, my friend. War, famine, children forced to pimp out their parents just to feed the dog. Is this the kind of tomorrow you’d like to live in today? I can show you how to provide enough dog food to feed your grandpa for decades. In the future I’m offering you, your wife isn’t a whore that you sell for a knife swipe of peanut butter because you’re so hungry you actually considered eating your children. Become a hero—and save your kids’ lives. Your wife doesn’t want to spread her legs for strangers. Or maybe she does, and that was a bad example. Still, the principle stands. But you won’t be standing—in the future. Remember, you’ll be confined to a wheelchair. Mushrooms are for pizzas, not clouds, but without me, your life will atom bomb into oblivion. Nobody’s dropping a bomb while I’m around. The only thing I’m dropping is the price. Boom! I just lowered the price for you, just to show you that you are a valued customer. As a VIP, your new price on my product is just $99.96. That’s a savings of over two pennies (three, to be precise). And I’ll even throw in a jar of peanut butter for free. That’s a value of over $.99. But wait, there’s more! If you call within the next ten minutes, I’ll even throw in a blanket free of charge. . .

It is often said that what most immediately sets English apart from other languages is the richness of its vocabulary. Webster’s Third New International Dictionary lists 450,000 words, and the revised Oxford English Dictionary has 615,000, but that is only part of the total. Technical and scientific terms would add millions more. Altogether, about 200,000 English words are in common use, more than in German (184,000) and far more than in French (a mere 100,000). The richness of the English vocabulary, and the wealth of available synonyms, means that English speakers can often draw shades of distinction unavailable to non-English speakers. The French, for instance, cannot distinguish between house and home, between mind and brain, between man and gentleman, between “I wrote” and “I have written.” The Spanish cannot differentiate a chairman from a president, and the Italians have no equivalent of wishful thinking. In Russia there are no native words for efficiency, challenge, engagement ring, have fun, or take care [all cited in The New York Times, June 18, 1989]. English, as Charlton Laird has noted, is the only language that has, or needs, books of synonyms like Roget’s Thesaurus. “Most speakers of other languages are not aware that such books exist” [The Miracle of Language, page 54]. On the other hand, other languages have facilities we lack. Both French and German can distinguish between knowledge that results from recognition (respectively connaître and kennen) and knowledge that results from understanding (savoir and wissen). Portuguese has words that differentiate between an interior angle and an exterior one. All the Romance languages can distinguish between something that leaks into and something that leaks out of. The Italians even have a word for the mark left on a table by a moist glass (culacino) while the Gaelic speakers of Scotland, not to be outdone, have a word for the itchiness that overcomes the upper lip just before taking a sip of whiskey. (Wouldn’t they just?) It’s sgriob. And we have nothing in English to match the Danish hygge (meaning “instantly satisfying and cozy”), the French sang-froid, the Russian glasnost, or the Spanish macho, so we must borrow the term from them or do without the sentiment. At the same time, some languages have words that we may be pleased to do without. The existence in German of a word like schadenfreude (taking delight in the misfortune of others) perhaps tells us as much about Teutonic sensitivity as it does about their neologistic versatility. Much the same could be said about the curious and monumentally unpronounceable Highland Scottish word sgiomlaireachd, which means “the habit of dropping in at mealtimes.” That surely conveys a world of information about the hazards of Highland life—not to mention the hazards of Highland orthography. Of

I did it again, Robert Childan informed himself. Impossible to avoid the topic. Because it's everywhere, in a book I happen to pick up or a record collection, in these bone napkin rings -- loot piled up by the conquerors. Pillage from my people. Face facts. I'm trying to pretend that the Japanese and I are alike. But observe: even when I burst out as to my gratification that they won the war, that my nation is lost -- there's still no common ground. What words mean to me is a sharp contrast vis-à-vis them. Their brains are different. Souls likewise. Witness them drinking from English bone china cups, eating with U.S. silver, listening to Negro style of music. It's all on the surface. Advantage of wealth and power makes this available to them, but it's ersatz as the day is long. Even the I Ching, which they've forced down our throats; it's Chinese. Borrowed from way back when. Whom are they fooling? Themselves? Pilfer customs right and left, wear, eat, talk, walk, as for instance consuming with gusto baked potato served with sour cream and chives, old-fashioned American dish added to their haul. But nobody fooled, I can tell you; me least of all.

What an extraordinary episode in the economic progress of man that age was which came to an end in August 1914! The greater part of the population, it is true, worked hard and lived at a low standard of comfort, yet were, to all appearances, reasonably contented with this lot. But escape was possible, for any man of capacity or character at all exceeding the average, into the middle and upper classes, for whom life offered, at a low cost and with the least trouble, conveniences, comforts, and amenities beyond the compass of the richest and most powerful monarchs of other ages. The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep; he could at the same moment and by the same means adventure his wealth in the natural resources and new enterprises of any quarter of the world, and share, without exertion or even trouble, in their prospective fruits and advantages; or he could decide to couple the security of his fortunes with the good faith of the townspeople of any substantial municipality in any continent that fancy or information might recommend. He could secure forthwith, if he wished it, cheap and comfortable means of transit to any country or climate without passport or other formality, could despatch his servant to the neighbouring office of a bank for such supply of the precious metals as might seem convenient, and could then proceed abroad to foreign quarters, without knowledge of their religion, language, or customs, bearing coined wealth upon his person, and would consider himself greatly aggrieved and much surprised at the least interference. But, most important of all, he regarded this state of affairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable. The projects and politics of militarism and imperialism, of racial and cultural rivalries, of monopolies, restrictions, and exclusion, which were to play the serpent to this paradise, were little more than the amusements of his daily newspaper, and appeared to exercise almost no influence at all on the ordinary course of social and economic life, the internationalisation of which was nearly complete in practice.

The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep; he could at the same moment and by the same means adventure his wealth in the natural resources and new enterprises of any quarter of the world, and share, without exertion or even trouble, in their prospective fruits and advantages; or he could decide to couple the security of his fortunes with the good faith of the townspeople of any substantial municipality in any continent that fancy or information might recommend. He could secure forthwith, if he wished it, cheap and comfortable means of transit to any country or climate without passport or other formality, could despatch his servant to the neighboring office of a bank for such supply of the precious metals as might seem convenient, and could then proceed abroad to foreign quarters, without knowledge of their religion, language, or customs, bearing coined wealth upon his person, and would consider himself greatly aggrieved and much surprised at the least interference. But, most important of all, he regarded this state of affairs as normal, certain, and permanent, except in the direction of further improvement, and any deviation from it as aberrant, scandalous, and avoidable. The projects and politics of militarism and imperialism, of racial and cultural rivalries, of monopolies, restrictions, and exclusion, which were to play the serpent to this paradise, were little more than the amusements of his daily newspaper, and appeared to exercise almost no influence at all on the ordinary course of social and economic life, the internationalization of which was nearly complete in practice.

connected with my fable—that this was the very gentleman whose negligent servant left behind him that collection of washing-bills, resulting from a long visit at Northanger, by which my heroine was involved in one of her most alarming adventures. The influence of the viscount and viscountess in their brother's behalf was assisted by that right understanding of Mr. Morland's circumstances which, as soon as the general would allow himself to be informed, they were qualified to give. It taught him that he had been scarcely more misled by Thorpe's first boast of the family wealth than by his subsequent malicious overthrow of it; that

He was talking about hire purchase. precredit cards. A different way of getting the poor into debt, but I think he was right. It was nice when ordinary people could take a holiday in Spain, of course, but easy credit is what started the cultural rot. Tourism depends on lots of people everywhere with loads of disposable wealth, which means all kinds of changes through a place a cultivates it. The real, messy, informative past disappears to be overlaid with bad fiction, with simplified folklore, easy answers. Memory needs to remain complex, debatable. Without those qualities it is mere nostalgic sentimentality. Commodified identity. Souls bough and sold.

Specialisation, accompanied by exchange, is the source of economic prosperity. Here, in my own words, is what a modern version of Smithism claims. First, the spontaneous and voluntary exchange of goods and services leads to a division of labour in which people specialise in what they are good at doing. Second, this in turn leads to gains from trade for each party to a transaction, because everybody is doing what he is most productive at and has the chance to learn, practise and even mechanise his chosen task. Individuals can thus use and improve their own tacit and local knowledge in a way that no expert or ruler could. Third, gains from trade encourage more specialisation, which encourages more trade, in a virtuous circle. The greater the specialisation among producers, the greater is the diversification of consumption: in moving away from self-sufficiency people get to produce fewer things, but to consume more. Fourth, specialisation inevitably incentivises innovation, which is also a collaborative process driven by the exchange and combination of ideas. Indeed, most innovation comes about through the recombination of existing ideas for how to make or organise things. The more people trade and the more they divide labour, the more they are working for each other. The more they work for each other, the higher their living standards. The consequence of the division of labour is an immense web of cooperation among strangers: it turns potential enemies into honorary friends. A woollen coat, worn by a day labourer, was (said Smith) ‘the produce of a great multitude of workmen. The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser . . .’ In parting with money to buy a coat, the labourer was not reducing his wealth. Gains from trade are mutual; if they were not, people would not voluntarily engage in trade. The more open and free the market, the less opportunity there is for exploitation and predation, because the easier it is for consumers to boycott the predators and for competitors to whittle away their excess profits. In its ideal form, therefore, the free market is a device for creating networks of collaboration among people to raise each other’s living standards, a device for coordinating production and a device for communicating information about needs through the price mechanism. Also a device for encouraging innovation. It is the very opposite of the rampant and selfish individualism that so many churchmen and others seem to think it is. The market is a system of mass cooperation. You compete with rival producers, sure, but you cooperate with your customers, your suppliers and your colleagues. Commerce both needs and breeds trust.

it’s rare to see a family-run media business with deep pride in its independence and a journalistic tradition that has survived over half a dozen generations. Such businesses are now part of conglomerates whose obligations involve meeting Wall Street’s expectations rather than the Founders’ expectations of the requisite for a well-informed citizenry. Now that the conglomerates can dominate the expressions of opinion that flood the minds of the citizenry and selectively choose the ideas that are amplified so loudly as to drown out others that, whatever their validity, do not have wealthy patrons, the result is a de facto coup d’état overthrowing the rule of reason. Greed and wealth now allocate power in our society, and that power is used in turn to further increase and concentrate wealth and power in the hands of the few.

Ignorance lowers you, curiosity elevates you; knowledge puts you on a higher pedestal than information. Confusion lowers you, understanding elevates you; discernment puts you on a higher pedestal than intellect. Imprudence lowers you, insight elevates you; wisdom puts you on a higher pedestal than perception. Greed lowers you, contentment elevates you; peace puts you on a higher pedestal than indifference. Bitterness lowers you, happiness elevates you; joy puts you on a higher pedestal than pleasure. Anger lowers you, patience elevates you; longstanding puts you on a higher pedestal than tolerance. Cruelty lowers you, compassion elevates you; kindness puts you on a higher pedestal than apathy. Despair lowers you, hope elevates you; perseverance puts you on a higher pedestal than dispassion. Fear lowers you, courage elevates you; faith puts you on a higher pedestal than confidence. Hatred lowers you, mercy elevates you; love puts you on a higher pedestal than sympathy. Illiteracy lowers you, education elevates you; enlightenment puts you on a higher pedestal than talent. Imitating lowers you, creativity elevates you; originality puts you on a higher pedestal than innovation. Incompetence lowers you, skill elevates you; excellence puts you on a higher pedestal than enthusiasm. Laziness lowers you, hard work elevates you; diligence puts you on a higher pedestal competence. Failure lowers you, perseverance elevates you; success puts you on a higher pedestal than ambition. Mediocrity lowers you, talent elevates you; genius puts you on a higher pedestal than aptitude. Obscurity lowers you, fame elevates you; influence puts you on a higher pedestal than popularity. Ego lowers you, honor elevates you; humility puts you on a higher pedestal than applause. Poverty lowers you, success elevates you; wealth puts you on a higher pedestal than prominence. Dishonor lowers you, esteem elevates you; character puts you on a higher pedestal than reputation.

When people become famous, they are often objectified, discussed, and ridiculed with little consideration for who they are as people. Fans and critics feel as though they have the right to comment on everything celebrities do with little regard to the costs that those in the crosshairs of attention will bear. The cost that celebrities pay for the supposed benefits of being rich and famous is ongoing scrutiny and a lack of privacy. Most people do not understand or appreciate the pressure that results from fame, even though public meltdowns—such as the night that Britney Spears shaved her head in front of numerous photographers—are highly publicized. The public’s obsession with obtaining information about the famous puts serious pressure on those people’s lives, as the paparazzi’s role in Princess Diana’s death so brutally reminds us.20 Few people have sympathy for the kinds of stress that gossip places on public figures who have high status and wealth. At a distance, famous people seem invulnerable.

The extraordinary value of the I Ching is that it reveals the secrets of dynamic natural law. Working with its changes opens up access to the middle level of the Positive Paradigm Wheel, the “e” energy layer of Einstein's Unified Theory. This middle level serves as mediating, two-directional gate-keeper between the ever-changing surface rim and the universal, timeless center. You can't get from here to there, except through the middle layer which, in Western thinking, is effectively taboo, buried in the inaccessible "unconscious." To the extent that natural law is a blind spot in the prevailing, linear and exclusively empirical paradigm, we are left powerless to move beyond the surface level of experience. The realm of light and conscience which rests beyond, on the far side of the dynamic energy level, remains functionally inaccessible. Moral codes promoted by religionists or politicians are sometimes equated with conscience. But they're no substitute for direct experience. Only by becoming intelligently competent in managing the subtle energies of the middle level is it possible to travel further inwards for the immediate, personal experience of inner light. When the middle level becomes clogged with painful memories, negative emotions and socially taboo urges, it becomes a barrier to deeper knowing. The Book of Change is indispensable as a tool for restoring the unnecessarily "unconscious" to conscious awareness, so that the levels of human potential can be linked and unified. In Positive Paradigm context, survivors who prevail in dangerous times aren't those with the most material wealth, possessions or political power. They're the ones who've successfully navigated the middle realm, reached the far shore of enlightenment and returned to the surface with their new information intact. Those who succeed in linking the levels of experience are genius-leaders in whatever fields they choose to engage. They're the fortunate ones who've acquired the inner wealth necessary to both hear the inner voice of conscience and act on the guidance they receive.

Introductory paragraph incorporating the thesis: After a challenging childhood marked by adversity, Adam Parrish has become a successful freshman at Harvard University. In the past, he had spent his time doubting himself, fearing he would become like his father, obsessing that others could see his trailer-park roots, and idealizing wealth, but now he has built a new future where no one has to know where he's come from. Before becoming a self-actualized young man at Harvard, Adam had been deeply fascinated by the concept of the ley lines and also supernaturally entangled with one of the uncanny forests located along one, but he has now focused on the real world, using only the ghost of magic to fleece other students with parlor trick tarot card readings. He hasn't felt like himself for months, but he is going to be just fine. Followed by three paragraphs with information that supports the thesis. First: Adam understands that suffering is often transient, even when it feels permanent. This too shall pass, etc. Although college seems like a lifetime, it is only four years. Four years is only a lifetime if one is a guinea pig. Second paragraph, building on the first point: Magic has not always been good for Adam. During high school, he frequently immersed himself in it as a form of avoidance. Deep down, he fears that he is prone to it as his father is prone to abuse, and that it will eventually make him unsuitable for society. By depriving himself of magic, he forces himself to become someone valuable to the unmagic world, i.e. the Crying Club. Third paragraph, with the most persuasive point: Harvard is a place Ronan Lynch cannot be, because he cannot survive there, either physically or socially. Without such hard barriers, Adam will surely continue to return to Ronan Lynch again and again, and thus fall back in with bad habits. He will never achieve the life of financial security and recognition he planned. Thesis restated, bringing together all the information to prove it: Although life is unbearable now, and Adam Parrish seems to have lost everything important to him in the present by pursuing the things important to him in the past, he will be fine. Concluding paragraph describing what the reader just learned and why it is important for them to have learned it: He will be fine. He will be fine. He will be fine. He will be fine.

In church it occurred to me that it is time for the public to hear that the giant evil and danger in this country, the danger which transcends all others, is the vast wealth owned or controlled by a few persons. Money is power. In Congress, in state legislatures, in city councils, in the courts, in the political conventions, in the press, in the pulpit, in the circles of the educated and the talented, its influence is growing greater and greater. Excessive wealth in the hands of the few means extreme poverty, ignorance, vice, and wretchedness as the lot of the many. It is not yet time to debate about the remedy. The previous question is as to the danger—the evil. Let the people be fully informed and convinced as to the evil. Let them earnestly seek the remedy and it will be found. Fully to know the evil is the first step towards reaching its eradication. Henry George is strong when he portrays the rottenness of the present system. We are, to say the least, not yet ready for his remedy. We may reach and remove the difficulty by changes in the laws regulating corporations, descents of property, wills, trusts, taxation, and a host of other important interests, not omitting lands and other property.

Ultimately, the World Top Incomes Database (WTID), which is based on the joint work of some thirty researchers around the world, is the largest historical database available concerning the evolution of income inequality; it is the primary source of data for this book.24 The book’s second most important source of data, on which I will actually draw first, concerns wealth, including both the distribution of wealth and its relation to income. Wealth also generates income and is therefore important on the income study side of things as well. Indeed, income consists of two components: income from labor (wages, salaries, bonuses, earnings from nonwage labor, and other remuneration statutorily classified as labor related) and income from capital (rent, dividends, interest, profits, capital gains, royalties, and other income derived from the mere fact of owning capital in the form of land, real estate, financial instruments, industrial equipment, etc., again regardless of its precise legal classification). The WTID contains a great deal of information about the evolution of income from capital over the course of the twentieth century. It is nevertheless essential to complete this information by looking at sources directly concerned with wealth. Here I rely on three distinct types of historical data and methodology, each of which is complementary to the others.25 In the first place, just as income tax returns allow us to study changes in income inequality, estate tax returns enable us to study changes in the inequality of wealth.26 This

she feels lucky to have a job, but she is pretty blunt about what it is like to work at Walmart: she hates it. She’s worked at the local Walmart for nine years now, spending long hours on her feet waiting on customers and wrestling heavy merchandise around the store. But that’s not the part that galls her. Last year, management told the employees that they would get a significant raise. While driving to work or sorting laundry, Gina thought about how she could spend that extra money. Do some repairs around the house. Or set aside a few dollars in case of an emergency. Or help her sons, because “that’s what moms do.” And just before drifting off to sleep, she’d think about how she hadn’t had any new clothes in years. Maybe, just maybe. For weeks, she smiled at the notion. She thought about how Walmart was finally going to show some sign of respect for the work she and her coworkers did. She rolled the phrase over in her mind: “significant raise.” She imagined what that might mean. Maybe $2.00 more an hour? Or $2.50? That could add up to $80 a week, even $100. The thought was delicious. Then the day arrived when she received the letter informing her of the raise: 21 cents an hour. A whopping 21 cents. For a grand total of $1.68 a day, $8.40 a week. Gina described holding the letter and looking at it and feeling like it was “a spit in the face.” As she talked about the minuscule raise, her voice filled with anger. Anger, tinged with fear. Walmart could dump all over her, but she knew she would take it. She still needed this job. They could treat her like dirt, and she would still have to show up. And that’s exactly what they did. In 2015, Walmart made $14.69 billion in profits, and Walmart’s investors pocketed $10.4 billion from dividends and share repurchases—and Gina got 21 cents an hour more. This isn’t a story of shared sacrifice. It’s not a story about a company that is struggling to keep its doors open in tough times. This isn’t a small business that can’t afford generous raises. Just the opposite: this is a fabulously wealthy company making big bucks off the Ginas of the world. There are seven members of the Walton family, Walmart’s major shareholders, on the Forbes list of the country’s four hundred richest people, and together these seven Waltons have as much wealth as about 130 million other Americans. Seven people—not enough to fill the lineup of a softball team—and they have more money than 40 percent of our nation’s population put together. Walmart routinely squeezes its workers, not because it has to, but because it can. The idea that when the company does well, the employees do well, too, clearly doesn’t apply to giants like this one. Walmart is the largest employer in the country. More than a million and a half Americans are working to make this corporation among the most profitable in the world. Meanwhile, Gina points out that at her store, “almost all the young people are on food stamps.” And it’s not just her store. Across the country, Walmart pays such low wages that many of its employees rely on food stamps, rent assistance, Medicaid, and a mix of other government benefits, just to stay out of poverty. The

Mandal vs Mandir The V.P. Singh government was the biggest casualty of this confrontation. Within the BJP and its mentor, the RSS, the debate on whether or not to oppose V.P. Singh and OBC reservations reached a high pitch. Inder Malhotra | 981 words It was a blunder on V.P. Singh’s part to announce his acceptance of the Mandal Commission’s report recommending 27 per cent reservations in government jobs for what are called Other Backward Classes but are, in fact, specified castes — economically well-off, politically powerful but socially and educationally backward — in such hot haste. He knew that the issue was highly controversial, deeply emotive and potentially explosive, which it proved to be instantly. But his top priority was to outsmart his former deputy and present adversary, Devi Lal. He even annoyed those whose support “from outside” was sustaining him in power. BJP leaders were peeved that they were informed of what was afoot practically at the last minute in a terse telephone call. What annoyed them even more was that the prime minister’s decision would divide Hindu society. The BJP’s ranks demanded that the plug be pulled on V.P. Singh but the top leadership advised restraint, because it was also important to keep the Congress out of power. The party leadership was aware of the electoral clout of the OBCs, who added up to 52 per cent of the population. As for Rajiv Gandhi, he was totally and vehemently opposed to the Mandal Commission and its report. He eloquently condemned V.P. Singh’s decision when it was eventually discussed in Parliament. This can be better understood in the perspective of the Mandal Commission’s history. Having acquired wealth during the Green Revolution and political power through elections, the OBCs realised that they had little share in the country’s administrative apparatus, especially in the higher rungs of the bureaucracy. So they started clamouring for reservations in government jobs. Throughout the Congress rule until 1977, this demand fell on deaf ears. It was the Janata government, headed by Morarji Desai, that appointed the Mandal Commission in 1978. Ironically, by the time the commission submitted its report, the Janata was history and Indira Gandhi was back in power. She quietly consigned the document to the deep freeze. In Rajiv’s time, one of his cabinet ministers, Shiv Shanker, once asked about the Mandal report.

Nope. Look. The Raft is a media event. But in a much more profound, general sense than you can possibly imagine." "Huh?" "It's created by the media in that without the media, people wouldn't know it was here, Refus wouldn't come out and glom onto it the way they do. And it sustains the media. It creates a lot of information flow-movies, news reports - - you know." "So you're creating your own news event to make money off the information flow that it creates?" says the journalist, desperately trying to follow. His tone of voice says that this is all a waste of videotape. His weary attitude suggests that this is not the first time Rife has flown off on a bizarre tangent. "Partly. But that's only a very crude explanation. It really goes a lot deeper than that. You've probably heard the expression that the Industry feeds off of biomass, like a whale straining krill from the ocean." "I've heard the expression, yes." "That's my expression. I made it up. An expression like that is just like a virus, you know -- it's a piece of information -- data -- that spreads from one person to the next. Well, the function of the Raft is to bring more biomass. To renew America. Most countries are static, all they need to do is keep having babies. But America's like this big old clanking, smoking machine that just lumbers across the landscape scooping up and eating everything in sight. Leaves behind a trail of garbage a mile wide. Always needs more fuel... "Now I have a different perspective on it. America must look, to those poor little buggers down there, about the same as Crete looked to those poor Greek suckers. Except that there's no coercion involved. Those people down there give up their children willingly. Send them into the labyrinth by the millions to be eaten up. The Industry feeds on them and spits back images, sends out movies and TV programs, over my networks, images of wealth and exotic things beyond their wildest dreams, back to those people, and it gives them something to dream about, something to aspire to. And that is the function of the Raft. It's just a big old krill carrier." Finally the journalist gives up on being a journalist, just starts to slag L. Bob Rife openly. He's had it with this guy. "That's disgusting. I can't believe you can think about people that way." "Shit, boy, get down off your high horse. Nobody really gets eaten. It's just a figure of speech. They come here, they get decent jobs, find Christ, buy a Weber grill, and live happily ever after. What's wrong with that?