I discuss project entrepreneurs in my book:
Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.
Category: Entrepreneurship
“Entrepreneur Sent Our Words Across an Ocean”
Cyrus Field is described as a “project entrepreneur” in my Openness to Creative Destruction book. In the op-ed linked-to below, I celebrate his achievement.
My book, mentioned above, is:
Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.
“This Is America, Where People Most Value Their Time”
(p. A24) New York is banning the distribution of single-use plastic bags statewide on Sunday [March 1, 2020] . . . .
. . .
There, . . ., are skeptics of the plastic ban, especially in New York City, where most people do not drive to supermarkets and shops. A bedrock feature of life in the city is running errands on the spur of the moment, or making impulse buys while walking or using public transportation.
“This is going to be the worst thing to happen to this store,” said Sal Husain, who manages a C-Town grocery store in the Inwood section of Manhattan.
. . .
Across the street, Fatih Demir has been selling fruits for the past 15 years from a stand pitched below a white canopy. Most of his business comes from subway riders heading to and from the A train, he said.
“Our customers keep asking, ‘What’s going to happen?’” he said. “The woman who sells next to me keeps asking, ‘What’s going to happen?’ People don’t have the time to prepare for this stuff. This is America, where people most value their time.”
For the full story, see:
(Note: ellipses, and bracketed date, added.)
(Note: the online version of the story has the date Feb. 28, 2020, and has the title “Get Ready, New York: The Plastic Bag Ban Is Starting.”)
“Never Say Die”
In my Openness to Creative Destruction book, I discuss the fulfillment and sense of adventure from pursuing a big, intense project. In the op-ed linked-to below, I praise the big, intense project of extending human lifespans.
My book, mentioned above, is:
Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.
In Past Decade Bean-to-Bar Chocolate Makers Grow from Five to 250
(p. D1) According to the Fine Chocolate Industry Association, sales of premium chocolates grew 19 percent in 2018, compared with 0.6 percent for mainstream chocolate like the classic Hershey bar. Over the past decade, the number of small American bean-to-bar chocolate producers — the kind with cacao percentages and places of origin printed on those hyper-chic labels — has jumped from about five to more than 250.
. . .
(p. D4) The cacao beans (also called cocoa beans) are the seeds that grow inside the pod, surrounded by fleshy, juicy fruit that tastes a little like a mango crossed with a pear that was carrying a lychee. After harvesting, the beans are fermented for up to a week to develop their flavors, and dried.
To make chocolate, the dried beans are roasted, then cracked to separate the outer husks from the inner nibs, which have a nutty, earthy flavor and crunchy texture — and are excellent added to baked goods. The nibs are about half cocoa solids and half cocoa butter.
Chocolate makers grind the nibs into what’s called chocolate liquor, or chocolate paste. This liquor is ground again, along with sugar and other ingredients that might include milk powder to make milk chocolate, lecithin to smooth the texture, or vanilla for flavor.
. . .
The new wave of craft chocolate began with Scharffen Berger, founded in 1996 by Mr. Scharffenberger, a winemaker, and Robert Steinberg, who had studied at the famous chocolate shop Bernachon, in Lyon, France.
“When we started, there were only nine companies grinding their own cacao in the United States and they were all huge, except for Guittard,” Mr. Scharffenberger said, referring to the Guittard Chocolate Company, also in the San Francisco area. “We were the first new chocolate maker on the scene in 150 years.”
When Gary Guittard, the company’s fourth-generation owner, sampled some of Scharffen Berger’s chocolate, it spurred him to revamp his own production, in some cases going back to the way his great-grandfather made chocolate when he started the company in 1868.
“Scharffen Berger was the disrupter,” Mr. Guittard said. “Trying their chocolate was just terrible for me. It opened my eyes to a world of flavors that had been present in our chocolates 50 years ago, but that were lost. We had to change everything to get them back.”
Scharffen Berger was sold in 2005 to the Hershey Company, which moved the operation to Illinois. But other small bean-to-bar makers quickly followed Scharffen Berger’s lead. There are now more than 250 in the United States. And even though Brooklyn, contrary to popular belief, didn’t invent the bean-to-bar craze, it has several producers, including Kahkow, Cacao Prieto, Jacques Torres, Raaka and Fine & Raw.
. . .
A bean-to-bar maker makes chocolate from cacao beans. A chocolatier buys premade chocolate, then melts it and combines it with other ingredients to make confections like truffles or pralines. And this isn’t at all a bad thing: The best chocolatiers buy superb bean-to-bar chocolate as a starting point. (Many professional chocolatiers buy from Valrhona.) It’s just that making chocolate and making chocolate confections are two different skill sets.
For the full story, see:
(Note: ellipses added.)
(Note: the online version of the story was updated Feb. 13, 2020, and has the title “Everything You Don’t Know About Chocolate.”)
Street Vendor Entrepreneurs Pursue the American Dream
(p. D1) Running a street food cart is backbreaking work: schlepping around a heavy cart, then standing behind it for hours on end. Quitting the job would seem to be a gift to aching feet.
It hasn’t turned out that way for Mohamed Attia, who left his smoothie and halal-chicken-over-rice carts last year to become the new director of the Street Vendor Project. The group lobbies for the 20,000 or so vendors, most of them immigrants, who sell food, jewelry, clothing and just about everything else in New York City.
. . .
He’ll traverse the city for news conferences, protests or nearly any opportunity to talk about the issues that vendors face. One recent evening, he stood outside a Brooklyn restaurant for two hours in the bitter cold, telling strangers about the vendor — Elsa Morochoduchi, now famous as “the churro lady” — who was handcuffed and detained for selling her fried dough inside a Brooklyn subway station in November [2019].
. . .
(p. D5) Street carts are city fixtures and a source for a fast meal, but that’s just part of their role, he said. He believes in street vending as both an honorable profession and a human right — the right to work, to create one’s own extra-small business.
Ms. Morochoduchi had been stopped nearly a dozen times for illegally selling her pastries in the subway station, Mr. Attia said, yet she always goes back. “What’s that show you?” he said. “It shows you how important it is to her to make that money, to go there and to sell them.”
“Vendors do this because they need a job. It gives them the economic mobility to work, to save money, to start the American dream.”
. . .
This year [2020] the Street Vendor Project is pushing for new legislation from both the City Council and the State Legislature, where Ms. Ramos has just introduced a bill that could make New York the second state after California to eliminate a cap on the number of street vendors and clear any past records of citations or misdemeanors related to selling.
The measure would strike down city laws that limit the number of street food vending permits to about 5,000; the caps have led to decade-long waiting lists and an underground market where a two-year permit (officially issued by the city for $200) can sell for $25,000 or more.
The primary obstacle to changing laws is changing most people’s perception of street vendors, Mr. Attia said. “They don’t see them as entrepreneurs. They don’t see them as legitimate small businesses, and that’s something that we struggle with.”
For the full story, see:
(Note: ellipses, and bracketed years, added.)
(Note: the online version of the story has the date Feb. 3, 2020, and has the title “A Food Cart Worker’s Biggest Job: Defending Vendor Rights.”)
Arthur Diamond Interviewed on Cato Institute’s Free Thought Podcast
My book is:
Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.
“Senior Communist Party Leaders” Call Coronavirus “a Major Test of China’s System and Capacity for Governance”
(p. A1) Mr. Xi presided over a meeting of senior Communist Party leaders at which they acknowledged shortcomings in policies on public health and emergency management, according to a report by China’s official news agency. The leaders called the coronavirus epidemic “a major test of China’s system and capacity for governance.”
Xinhua quoted Mr. Xi as saying that officials who resist orders and “lack boldness” could be punished– . . .
For the full story, see:
(Note: ellipsis added.)
(Note: the online version of the story has the date Feb. 3, 2020, and has the title “Beijing Sees ‘Major Test’ as Doors to China Close and Coronavirus Deaths Surpass SARS.”)
Is Jeff Bezos Still a “Project Entrepreneur”?
In my Openness to Creative Destruction: Sustaining Innovative Dynamism, I suggest that different innovative entrepreneurs have different motives. Some mainly want money for its own sake, some mainly want fame, some mainly want to win the competition. Then there are those who mainly want to bring their project into the world. These are the project entrepreneurs, who often sacrifice for their project, forgoing conspicuous consumption in order to “make a ding in the universe.” (The phrase is due to Steve Jobs.) In my book I give Walt Disney as one example, and Jeff Bezos as another. Was I wrong? Or has Bezos changed? Or is there some other way to account for what looks like Bezos’s conspicuous consumption, as described below?
(p. B4) The national housing market has cooled, but in Los Angeles the ultrarich are still shattering price records. An heiress to the Formula One racing empire sold her home for $119.75 million last July. In December, Lachlan Murdoch paid $150 million for a home in Bel Air.
The latest buyer at the top: Jeff Bezos, the Amazon chief and world’s richest person.
Setting a new high for a home sold in California, Mr. Bezos is paying $165 million for a Beverly Hills estate owned by David Geffen, the media mogul and co-founder of DreamWorks, according to two people familiar with the purchase.
That wasn’t all. In a separate transaction, Bezos Expeditions, which oversees The Washington Post and Mr. Bezos’ charitable foundation, is buying 120 undeveloped acres in Beverly Hills for $90 million, the two people said.
For the full story, see:
(Note: the online version of the story has the date Feb. 14, 2020, and has the title “Jeff Bezos Buying $165 Million Estate, a California Record.”)
My book is:
Diamond, Arthur M., Jr. Openness to Creative Destruction: Sustaining Innovative Dynamism. New York: Oxford University Press, 2019.
“The Traveling Loner Who Helps Locals Fight off Bad Guys”
(p. A9) The Mandalorian is an inscrutable masked mercenary who wears a blaster on his hip, rides speeder bikes and giant lizards across desert landscapes, and has a bit of mysterious theme music, like the trill that once announced Clint Eastwood’s “man with no name” gunslinger on screen. All this helped endear the spacefarer to viewers who grew up with a lot of characters from the same template.
“I enjoy the hell out of it,” says 72-year-old Dennis Burdick of Las Vegas, who has deep-seated memories of watching shows like “Have Gun Will Travel” during the peak of the genre, when 31 prime-time Westerns aired in the 1958-’59 TV season alone. “They weren’t really great guys, they were just great with their guns. Same with the Mandalorian. He’s not looking to save anybody, but he’s there, and he can and he will,” Mr. Burdick adds.
Among TV tropes, the traveling loner who helps locals fight off bad guys has been a sturdy one.
. . .
Finally: Baby Yoda. That, of course, is the nickname the internet immediately bestowed on the breakout star of “The Mandalorian” after it appeared in the first episode’s final moments. The Child, as characters in the show refer to it, is a half-century-old toddler because of the slow aging process of its species. The bounty hunter was initially paid to capture or kill it, but something beneath his chest armor melted at the sight of the wrinkly green creature in a floating baby pram. Mando broke the code of his profession and became Baby Yoda’s protector.
For the full review, see:
(Note: ellipsis added.)
(Note: the online version of the review has the date Dec. 25, 2019, and has the title “The Old-School TV Tactics That Make ‘The Mandalorian’ Tick.” The last sentence quoted above appears as in the print version, and not as in the slightly longer online version, of the article.)
Thiel Advises Zuckerberg to Defend Free Speech
(p. A5) Facebook Inc.’s senior leadership is increasingly divided over how to address criticism of the company’s effect on U.S. politics, with board member and billionaire investor Peter Thiel serving as an influential voice advising CEO Mark Zuckerberg not to bow to public pressure, according to people familiar with the matter.
One flashpoint of late: political advertisements. Mr. Thiel has argued that Facebook should stick to its controversial decision, announced in September [2019], to continue accepting them and to not fact-check those from politicians, the people said.
. . .
Some of Mr. Thiel’s views are shared by others within Facebook, including on political ads, with many current and former executives advising Mr. Zuckerberg that the company shouldn’t be in the position of deciding what claims are accurate, people familiar with the matter said.
. . .
Mr. Zuckerberg has long valued Mr. Thiel’s advice. Some people close to both men described their current relationship as an alliance, based in part on their long history together.
Mr. Thiel, 52 years old, was the first outside investor in Facebook, and ultimately made more than $1 billion on his stake. Early on, Mr. Thiel advised Mr. Zuckerberg, now 35, to focus on growing the Facebook platform’s user base rather than on making money, contrarian advice at the time that laid the groundwork for Facebook’s riches today. Mr. Thiel and his funds have since sold off most of their Facebook shares.
. . .
Mr. Zuckerberg and Chief Operating Officer Sheryl Sandberg have said repeatedly that they value ideological diversity on the board, although that view isn’t shared by all of the company’s workforce.
“Mark is friends with Peter Thiel and a lot of Republicans,” said a former Facebook employee who worked in its political group. “It’s a reality people aren’t willing to accept.”
For the full story, see:
(Note: ellipses, and bracketed year, added.)
(Note: the online version of the story has the date Dec. 17, 2019, and has the title “Peter Thiel at Center of Facebook’s Internal Divisions on Politics.” The last sentence quoted above appears in the online version, but not in the print version, of the article.)