Monday, March 26, 2007

John Mcmillan

John Mcmillan was an economist. His claim to fame was organizing the market for spectrum for the FCC.
I read his book Reinventing the Bazaar. What I took away from it (along with other things) was that wealth can be created. That markets are created and regulated and that the players in these markets are awarded their positions by the political elite.
African-Americans have far more political power than we might know. We should use it to ensure our participation when these markets are created.

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