“He was the most beloved slave owner in America — beloved by his slaves, not his peers. His name was John McDonogh. He alone among all the slave owners in the South for over 200 years devised a system that made his slaves incomparably efficient. They were so efficient that he ceased to have any responsibility for managing his plantation, including all of the rental properties that he owned. The slaves did everything. They worked like maniacs. They literally ran from job to job. Another slave owner wanted to buy one of them. He was willing to pay $5,000 — in the range of $100,000 in today’s money. McDonogh refused to sell. He had a secret.”
http://www.garynorth.com/public/12193.cfm
Related posts:
Why Is Not-Pot Illegal Too?
Why Are Your Children Buying Houses for Ben Bernanke?
10 investing insights from Street Smarts by Jim Rogers
Destroying the middle ground
7 Lessons I Learned About Investing in Bitcoin
Is the U.S. Producing Democracies?
Bootleggers and Baptists
Gold: It’s Time to Buy
Niall Ferguson: Networks and Hierarchies
Paul Rosenberg: 'Production Versus Plunder', Part 5
Expatriation Can Save You From the Not-So-Free America
Jeffrey Tucker: Why Imagining Freedom Is Essential
Homeland Security Is A Racket Twice Over
Jurisdictional Competition: Why the West Became Rich While Asia languished
A Marine Sergeant Speaks Out