Walter E. Williams Quote

"Wealth comes from successful individual efforts to please one’s fellow man ... that’s what competition is all about: “out pleasing” your competitors to win over the consumers."

by:	Walter E. Williams (1936-2020) Columnist, Professor of Economics at George Mason University
Source:	All It Takes is Guts
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Categories:	Capitalism, Competition, Economics, Wealth
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I about always agree with Walter Williams  -- cal, Lewisville, TX      1
I agree with cal.  -- jim k, Austin      1
(-; I agree with jim  -- Mike, Norwalk
I suppose we are all in agreement. ;-) The spirit of competition is also the desire to excel, to be the best I can be. HOW we compete, determines what kind of a people we are. Honor, integrity, and compassion still play important roles while 'playing.' Monopolies spend most of their energy trying to keep competition at bay and protecting their market rather than innovating. Guilds form in the fields of medicine, law, education, manufacturing, even political parties -- all designed to keep the power in their hands. Enough so that they influence the legislature to make laws that require the people to pay for their services (at usually a very high rate) whether they want them or not. Any new innovation that challenges their power is quickly condemned and efforts made to shut it down and brand the actions of the competitors as 'criminal.' Considering that the US has more people in prison per capita than any other country in the world is a perfect example of this. Americans are also sicker than most other countries, and pay enormous prices for 'health care.' The internal combustion engine is very inefficient -- attempts to employ cheaper more efficient means of producing energy have been met with extreme prejudice. Lawyers are beholden to their guild, and may only practice the commercial law they have been certified to practice -- any effort to return to a common law practice will end up getting a lawyer disbarred. Doctors that prescribe natural remedies can also lose their license. An apple grower may not advertise that apples are good for your health without being sued. Any innovator in these fields can expect massive opposition at every turn. To hell with whether the new product is better -- if it threatens a doctor's or lawyer's union, expect violence towards the 'offender.'  -- E Archer, NYC
The ever astutely wise truth bearer Dr. Walter E. Williams!  -- Mary - MI

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