An educated slave class was a dangerous slave class.
Today, we fail to teach kids to be financially literate. It is another way of creating slaves - wage slaves.
Conditioned Response
Immediately after leaving school, most kids begin to look for a job, save money, buy a house, and invest for the long term in a well-diversified portfolio of mutual funds.
Now that millions are losing their jobs, what do they do?
They go back to school to get retrained, look for a new job, try to save money, pay their mortgages, and invest for their retirement in mutual funds. And they teach their kids to do the same.
Ivan Pavlov won a Nobel Prize in 1904 in Phsyiology and Medicie for his research on the digestive system of dogs.
Today, when we hear the term Pavlov's dogs, it refers to conditioned response.
Going to school to get a high-paying job, saving your money for a house, and investing in a diversified portfolio of stocks and mutual funds is an example of a conditioned response.
Many people cannot articulate why they do these things.
They simply do it because it is what they were taught, a conditioned response.
History is full of success stories of those who ignored conditioned responses and forged their own path.
The Wright Brothers and Henry Ford never finished high school. Bill Gates, Michael Dell, and Steve Jobs never finished college. Sergey Brin of Google suspended his PhD studies at Stanford. Mark Zuckerberg started Facebook in his dorm room at Harvard, traveled to California, and never returned to finish his education.
All of these world-changers dropped out of school because they no longer needed to look for a job.
They had an idea and the courage to act on that idea.
They started businesses and created jobs for others.
Today, entrepreneurship is exploding all over the world.
More important, the most successful entrepreneurs understand that we are in the information age. They have the vision to see the changes happening that most do not.
As the Information Age grows, no longer will the rich and powerful nations have a monopoly on the world's true natural resource - our minds.
A new economy is being born today, an economy that will be led by kids born after 1990, young people who only know the invisible, high-speed world of the web.
In the invisible world of the Internet, the genius of the world will be unleashed, and class lines that are centuries old will be erased.
A new mega-rich will rise.
