I have seen the words that some of our Industrial Barons have said – their “business lightening” wouldn’t even flicker today if they had to do it all over again. But, given a mention of the author who help give rise to our name, I decided to use it all:
FEDEX FOUNDER: I Couldn’t Start Company with Today’s Economy, Regulations.
Last month, a CNBC headlined noted, “Subway ‘Wouldn’t Exist’ If Started Today Due to Regulations: Founder Deluca.”
In 2011, Bernie Marcus said the same about Home Depot, which he founded.
Or to put it another way:
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as “bad luck.”
“Or as some would say: ‘You didn’t build that,’” Glenn added last year when he quoted Robert Heinlein.
(H/T: Ed Driscoll at Instapundit”
Three different industries, three different biz models – all doomed to failure if attempted today? Do I blame Obama directly? No. But we all should examine the Jungle of Regulations that has grown up since those times – the bad luck that will plague, not those of us reaching the end of our careers, our children and theirs. We are in the middle of the birthing of a government spawned sclerosis that has taken two generations to achieve the current state of growth we see now; 0.1% growth, 0.4% growth in the last two quarters. Hardly a gift to our offspring, eh?
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