Quote:
Originally Posted by DiracSpike
My point though is in a capitalist system made up of consensual transactions, people generating wealth usually do so by creating products or services which everyone uses. These people are naturally smarter and more productive than the population at large so freeing them to rise above makes them richer yes, but also creates products for the rest of us. Henry Ford, Steve Jobs, etc
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I think most success comes from those that are not only smarter and more productive, but have the
gift of foresight. They ask themselves the question, "What do people need now and are going to need in the foreseeable future?"
This idea became evident to me by tracing my family history. I learned how six Irish brothers, who emigrated to Canada in the mid 1800s because of the potato famine, were successful in establishing their own business. Two were bakers (everyone has to eat), three owned hotels (everyone has to have a roof over their heads), and one owned a hardware store (everyone has to repair stuff).
Of course other factors come into play, like access to capital, ability to take risks, and in exercising many of the basic rules of life penned by Peterson.