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“The Bureau of Labor Statistics estimated that bar code scanners at checkout counters increased the speed that cashiers could ring up payments by 30 percent and reduced labor requirements of cashiers and baggers by 10 to 15 percent.”
― Capitalism in America: An Economic History of the United States
― Capitalism in America: An Economic History of the United States
“John Jacob Astor succeeded in amassing America’s biggest fortune by trading in the furs of beavers, otters, muskrats, and bears (though he wisely used some of the money he made from hunting in America’s great wilderness to buy real estate in Manhattan).”
― Capitalism in America: An Economic History of the United States
― Capitalism in America: An Economic History of the United States
“Far from the madding crowd's ignoble strife,
Their sober wishes never learned to stray;
Along the cool sequestered vale of life
They kept the noiseless tenor of their way.”
― An Elegy Written in a Country Churchyard
Their sober wishes never learned to stray;
Along the cool sequestered vale of life
They kept the noiseless tenor of their way.”
― An Elegy Written in a Country Churchyard
“More than 90 percent of Americans lived in the countryside, either on farms or plantations. Only three cities, Philadelphia, Boston, and New York, had populations of more than 16,000, making them flyspecks compared with London (750,000) or Peking (almost 3 million).6”
― Capitalism in America: An Economic History of the United States
― Capitalism in America: An Economic History of the United States
“The United States is also losing the rugged pioneering spirit that once defined it. In 1850, Herman Melville boasted that “we are the pioneers of the world, the advance-guard, sent on through the wilderness of untried things, to break a new path in the New World.”7 Today many of the descendants of these pioneers are too terrified of tripping up to set foot on any new path. The problem starts with school. In 2013, a school district in Maryland banned, among other things, pushing children on swings, bringing homemade food into school, and distributing birthday invitations on school grounds.8 It continues in college, where professors have provided their charges with “safe spaces” and “trigger warnings.” It extends to every aspect of daily life. McDonald’s prints warning signs on its cups of coffee pointing out that “this liquid may be hot.” Winston Churchill once said to his fellow countrymen, “We have not journeyed across the centuries, across the oceans, across the mountains, across the prairies, because we are made of sugar candy.”9 Today, thanks to a malign combination of litigation, regulation, and pedagogical fashion, sugar-candy people are everywhere.”
― Capitalism in America: An Economic History of the United States
― Capitalism in America: An Economic History of the United States
Osahma’s 2024 Year in Books
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