Neale Donald Walsch Quotes
I think that things happen individually first, and then collectively. It's not the other way around.
Walsch, Neale Donald. Interview. 1999.
“Combination” was then a word for a large corporate enterprise, monopoly or trust. Although large corporations are common in the modern economy, at the time there were very few of them and most of them use their power to crush competition and take advantage of helpless consumer. Instead of banning largeness as some wanted to do, President Theodore Roosevelt and others chose regulation, and the Sherman Antitrust Act and the Clayton Antitrust Act were passed. Individualism in the form of small businesses have proved amazingly resilient and have developed into a giants like Microsoft and a Google. Over half a of the new jobs created in our economy are done so by small businesses.
Friedman was commenting in particular about Egypt and other Arab societies.
He had been lauded as the "father" of the field of Behavioral Economics -- the person who started an entirely new area of intelectual inquiry.
Neale Donald Walsch is an American author of the series Conversations with God. He is also an actor, screenwriter, and speaker.