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[...] He said, I’d better give these guys a decent wage or nobody’s going to buy my cars. So he raised workers’ salaries beyond what he was forced to by market pressures. And others went along. That was on the reasoning that you just outlined, and it made sort of sense in a national economy.

Doe…

[...] the classical liberals, the Jeffersons and the Smiths, were opposing the concentrations of power that they saw around them, like the feudal system and the Church and royalty. They thought that ought to be dissolved. They didn’t see other forms of concentration of power which only developed la…

[...] your goals and your visions are often in direct conflict. Visions are long-term things, what you’d like to achieve down the road. But if we mean by goals that which we’re trying to do tomorrow, they can often appear to be in conflict with long-term visions. It’s not really a conflict. I think…

[...] there has not in history ever been any answer other than, Get to work on it.

There are a thousand different ways of getting to work on it. For one thing, there’s no “it.” There’s lots of different things. You can think of long-term goals and visions you have in mind, but even if that’s wha…

[...] Caterpillar, the U.S.-based one, first of all has profits coming out of its ears. It’s making huge profits, like other major corporations, so it’s got plenty of capital. There’s no problem that way. But furthermore, they’ve been using their profits over the past years to build up excess capac…