Vice-Admiral Sir Robert Mansell defined a “pessimist” as “…one who makes difficulties of his opportunities; an optimist is one who makes opportunities of his difficulties.”
Apropos of the current idea being floated by presidential candidates on the left that businesses should make decisions based upon the needs of all so-called “stakeholders” and not the shareholders or owners, we recall free-market economist Milton Friedman’s belief that “Once this view is adopted, the external forces that curb the market will not be social consciences, however highly developed, … it will be the iron fist of Government bureaucrats.”
