I’ve heard some people describe the economy of the future as ‘post-corporatist and post-capitalist’–one in which large corporations crumble and all innovation happens from the bottom up. What nonsense. People who say things like that never have a convincing explanation for who will make drugs or low-cost carbon-free energy. Catalytic philanthropy doesn’t replace businesses. It helps more of their innovations benefit the poor.
A man, to succeed, must possess the necessary equanimity of temperament to conceive an idea, the capacity to form it into some tangible shape, the ingenuity to put it into practical operation, the ability to favorably impress others with its merits, and the power of will that is absolutely necessary to force it to success.
Our modern lifestyle is not a political creation. Before 1700, everybody was poor as hell. Life was short and brutish. It wasn’t because we didn’t have good politicians; we had some really good politicians. But then we started inventing, electricity, steam engines, microprocessors, understanding genetics and medicine and things like that. Yes, stability and education are important. I’m not taking anything away from that, but innovation is the real driver of progress.