— Rakim
“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.” - Warren Buffet
Considering their extremely usefulness, I’m wondering if there is any brains behind the old and newly opened banks to start implement viable ATM card system in our towns.
Pulp Fiction - You know what I'm saying?
- Jules: Yo-yo-yo, man, you best back off, I'm getting pissed here. Look, just 'cause I wouldn't give no man a foot massage don't make it right for Marsellus to throw Antoine into a glass motherfucking house fucking up the way the nigga talks. That shit ain't right. Motherfucker do that shit to me, he better paralyze my ass because I'd kill the motherfucker, know what I'm saying?
- Vincent: I ain't saying it's right. But you're saying a foot massage don't mean nothing, and I'm saying it does. Now, look, I've given a million ladies a million foot massages, and they all meant something. We act like they don't, but they do, and that's what's so fucking cool about them. There's a sensuous thing going on where you don't talk about it, but you know it, she knows it, fucking Marsellus knew it, and Antoine should have fucking better known better. I mean, that's his fucking wife, man, he ain't have no sense of humor about that shit. You know what I'm saying?
Language as a Window into Human Nature
The average return on equity of unlisted private firms is fully ten percentage points higher than the modest 4% achieved by wholly or partly state-owned enterprises. The number of registered private businesses grew at an average of 30% a year in 2000-09.
Competition from private companies has driven up wages and benefits more than any new law—helping to create the consumers China (and its firms) need. And behind numerous new businesses created on a shoestring are former factory employees who have seen the rewards that come from running an assembly line rather than merely working on one. In all these respects the private sector plays a vital role in raising living standards—and moving the Chinese economy towards consumption at home rather than just exports abroad.
Too many people—not just third-world dictators but Western business tycoons—have fallen for the Beijing consensus, the idea that state-directed capitalism and tight political control are the elixir of growth. In fact China has surged forward mainly where the state has stood back. “Capitalism with Chinese characteristics” works because of the capitalism, not the characteristics.
If you’re a frequent traveler and especially to the developing countries, you can do such good things as buying stuff on the street or sampling local food. You’re, in fact, helping the small businesses survive by making the poor locals winners.
