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Globalization, far from challenging this trend, may have entrenched it. Multinationals have absorbed the mentality of planners, rather than entrepreneurs. These factors probably explain the declining dynamism of the American economy, and its rising inequality. The rate of new business formation in the United States fell from 12 per cent a year in the late 1980s to 8 per cent in 2010. The turnover of companies in the main indices has dropped significantly, meaning that incumbents stay in place for longer.
How Innovation Works
Matt Ridley
The same kind of gift envy happens with Bible teachers, missionaries, and spiritual risk-takers. Because most of us value knowing God’s Word, reaching the lost, and stepping out in faith, folks with these gifts can stir up some significant gift envy in the rest of us.
Accidental Pharisees
Larry Osborne
We owe a great debt to those who point out faults. For they mortify us. They teach us that we have been despised. They do not prevent our being so in the future; for we have many other faults for which we may be despised. They prepare for us the exercise of correction and freedom from fault.
Pascal's Pensées
Blaise Pascal and T. S. (Thomas Stearns) Eliot
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