March 28, 2013

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.

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