Some lessons it seems we are destined to keep relearning before we get it right. Napoleon Hill predicted many, many moons ago that the business world was in need of some serious reform. I’m not quite sure that we’ve arrived, but his predictions can still be great lessons to us all.
There will come a day when employees as well as employers will discover the possibilities of faith. That day is dawning. The whole world has had ample opportunity to witness what the lack of faith will do to business.
Surely, civilization has produced a sufficient number of intelligent human beings to make use of the great lesson the Depression and subsequent recessions taught the world. During the Depression, the world had abundant evidence that widespread fear will paralyze the wheels of industry and business. And although enough safeguards are (theoretically) in place today to prevent such an economic downturn from becoming as severe as the Great Depression, fear, or lack of ‘consumer confidence’ as it is often termed today, is the one force that consistently influences periods of economic decline or prosperity.
Out of the experience of the Great Depression arose business and industry leaders who profited by the example Gandhi set for the world, and applied the same tactics to business which he used in building the greatest following known in the history of the world. Many of these leaders came from the rank and file of the unknown men, the laborers in the steel plants, the coal mines, the automobile factories, and in the small towns and cities.
At least today we have an understanding of the role that emotion and psychology plays in the markets and in the world’s economies. However, as anyone will tell you, there is still a strong influence on the economy from fear and emotion. Hopefully we have come far enough to mitigate those effects and get through these current economic woes quickly, but we would all do well to take these excerpts to heart and to limit the effect that we allow fear to play in our financial and economic lives.
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