I agree with Walter Williams on this particular point:
Did Carnegie, Mellon, Rockefeller and Guggenheim start out rich? Andrew Carnegie worked as a bobbin boy, changing spools of thread in a cotton mill 12 hours a day, six days a week, earning $1.20 a week. A young John D. Rockefeller worked as a clerk. Meyer Guggenheim started out as a peddler. Andrew Mellon did have a leg up; his father was a lawyer and banker. Sam Walton milked the family’s cows, bottled the milk and delivered it and newspapers to customers. Richard Sears was a railroad station agent. Alvah Roebuck began work as a watchmaker. Together, they founded Sears, Roebuck and Company in 1893. John Cash Penney (founder of JCPenney department stores) worked for a local dry goods merchant.
It wasn’t just whites who went from rags to riches through open markets; there were a few blacks. Madam C.J. Walker, born Sarah Breedlove, just two years after the end of slavery, managed to build an empire from developing and selling hair products. John H. Johnson founded Johnson Publishing Company, which became an international media and cosmetics empire. There are many modern-day black millionaires who, like other millionaires, black and white, found the route to their fortunes mostly through the open, highly competitive and more free market end of our economy.
Compare that to the regulated sectors:
Restricted, regulated and monopolized markets are especially handicapping to people who are seen as less preferred, latecomers and people with little political clout. For example, owning and operating a taxi is one way out of poverty. It takes little skills and capital. But in most cities, one has to purchase a license costing tens of thousands of dollars. New York City’s taxicab licensing law is particularly egregious, requiring a person, as of May 2007, to pay $600,000 for a license to own and operate one taxicab. Business licensing laws are not racially discriminatory as such, but they have a racially discriminatory effect.
This is absolutely true. When you look at the mostly unregulated technology sectors you see countless new innovations and increased employment growth. However, when you look at the mostly regulated automotive and energy sectors you see stagnation and safety and not much risktaking. Why incur the risk when you will incur the wrath of Congress if something goes wrong?
I only wish people will wake up and come to the realization that regulation is not meant to regulate the “rich”, but is meant to prevent the poor and middle-class from shaking itself loose from an overbearing government.
UPDATE: In a blog post that is somewhat related to my comments above, please read Ed Driscoll’s blog post on the font Helvetica. It is the end result when society, in the quest for “liberty of the mind” ends up instead in conformity and authoritarianly (sic) so.
Here. Also check out the Cuban bloggers’ website in Blogroll.
Victor David Hansen writes a really good column that deserves to be read in its entirety, but I will post the end as that is apt to everything regarding the current debate on “illegal immigration”:
I learned from this episode only that Cinco de Mayo is the moral equivalent for many of our citizens to the Fourth of July, that no one in authority at an American high school understands the U.S. Constitution, that students wearing American flags were at one point to be suspended, and those ditching class in mass were not; that reconciliation is defined by each group putting their own respective flags next to each other and then blaming the press for this national embarrassment; and that in our parochial and isolated culture of central and coastal California, no one seems to imagine that elsewhere Americans are not all unhinged, but in fact see us as the deranged. The Live Oak people seem wounded fawns, hurt as if everywhere in the United States assumes that Cinco de Mayo is the real Fourth of July.
If there were a “metaphor” in all this, then it is how multicultural instruction results in moral equivalence, cultural relativism, ignorance of American law—and irony in that millions of Mexican nationals are fleeing Mexico to enter America only within a few years to wish that their children wave the flag of the country they fled and resent those who wear the flag of the country they desperately sought to join.
The EU approved a package to the tune of $957 billion (why not just $1 trillion?). The purpose of the package was not so much to bailout Greece, but to “defend the euro whatever it takes”, according to Olli Rehn, the European commissioner. That’s all fine and dandy, but I have a question: how is EU going to pay for this?
An anonymous poster posits an alternative view to the progressive and conservative on the achievement gap in education:
In the public domain, you’ll hear two contrasting views about the achievement gap, its cause and solution. The first is the progressive view, the one associated with “progressive education,” which holds that social injustice, institutionalized racism, white prejudice, and other societal ills cause the achievement gap. Progressives want to fix the achievement gap by moving underachieving students closer to high-achieving students whenever possible, arguing that tracking and sorting are evils that create underachieving “ghettos” that perpetuate, or even cause, the gap. In schools with a majority minority population of underachievers (i.e., inner city urban schools or charter schools specifically created for these populations), progressives push for community involvement, encouraging teachers to support their students in every aspect of life and seek to make the curriculum “relevant.”
So progressives push for underachievers to spend more time with achievers who will model desirable behavior. When achievers aren’t available, progressives seek to create the value system within the child and the community by demonstrating their involvement and cultural acceptance. This is incredibly oversimplified; I’m just trying to give you a general sense. Notice, though, that a large part of the progressive view involves changing the students’ values with sympathetic teachers who understand how to develop “accessible” curriculum for students who aren’t performing at grade level.
The second view, what I’ll call the conservative view of the achievement gap, also focuses on student values. But instead of encouraging teachers to respect the student’s culture, conservatives say that parents and teachers of low-performing students are the cause of the gap, by failing to give the students the correct cultural values. Hard work, family values, commitment to the importance of education, and “no excuses,” to quote the Thernstroms, who are major proponents of the conservative view, will close the achievement gap. The conservatives believe that higher standards are the order of the day, and that everyone can achieve if they just work hard. Conservatives hold ed schools in extremely low esteem, and feel that the progressive push to “understand” students and teach simplified (as they see it) curriculum contributes to the problem. The conservative view is held by most politicians of any ideology. Both NCLB and Race to the Top are based on this viewpoint—which comes along with a hefty dose of blame for the teachers, the ed schools that produce them, and the unions that represent them.
If all you watched were the shout shows, you’d never know there was another way of assessing the achievement gap. And in fact, while progressives and conservatives have many adherents and could even be described as “groups,” those holding the third view don’t get together much. They don’t hold meetings, they don’t have organizations, and in general, they avoid the field of educational policy. People holding this third view—again, not a group—don’t talk much in public. Let’s call this third view the Voldemort View: the View That Must Not Be Named.
And so, the Voldemort View: academic achievement is primarily explained by cognitive ability, and therefore the achievement gap is also most likely caused in large part by differences in cognitive ability. People with this view don’t promote solutions, primarily because in order to even start thinking about solutions one has to be able to discuss the possible cause and mentioning this cause is politically unacceptable. People who think it likely that the achievement gap is primarily cognitive don’t usually risk mentioning it in public because it’s a career destroyer. Please do not infer any other opinions about those with a Voldemort View, because I promise you, most of what you’re likely to assume is simply wrong.