William W. Lewis Famous Quotes
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One of the crucial traits of real leaders in a democracy is the ability to help people become better informed so that society can make better choices.
...education is not the way out of the poverty trap. A high education level is no guarantee of high productivity. The truth of the matter is that regardless of institutional education level, workers around the world can be adequately trained on the job for high productivity.
...the road, rail, and port systems are so bad that poor countries cannot develop the scale of operations necessary to achieve high productivity.
...the special interests are almost everybody. Everybody perceives they stand to lose if the economy is allowed to evolve. They are right if their special-interest favoritism is the only favoritism that is fixed. The result...is that nobody is giving up their favoritism. In these circumstances everybody loses...
Even the highest compensation is a tiny fraction of the value created by many business and technical innovations. The problem with executive compensation in the United States is not with this idea. The problem is that in many cases the high compensation levels persist even when innovations do not occur and reactions to the innovations of others are slow.
