In the case of race, the prejudice is damaging to both, the feared and hated, as well as to the fear-filled haters.
Recently, at a semimonthly lunch of older men brought together by our having been friendly with the remarkable Sol Price, one of the more thoughtful members suggested that Democrats were making a mistake in repetitively using the term “racist” to describe the opposition supporting President Trump. It was this insightful statement that prompted my thinking and this essay. He urged developing another term to describe those who look backwards rather than forward.
As it happens, on November 9, 2016 I published a Larry and Barry analytical description of how and why Trump won the election. Here is the link: Inland-Analogs vs Coastal-Digitals.
The definition of a racist is “a person who shows or feels discrimination or prejudice against people of other races, or who believes that a particular race is superior to another”. Is there a meaningful difference between feeling and showing, especially by taking a hurtful action reflecting a view? It is also equally possible for a person to feel and to take positive actions for those believed to be in some way superior.
Prejudice is defined as “preconceived opinion that is not based on reason or actual experience. ” In other words, prejudice is a “pre-judgment”, based on a feeling but not an experience. Therefore, would it not be fair to observe that prejudice is the natural product of education, as education is based on the experience of others. We teach people things intended to help and protect them and others from harm, based on the experience and beliefs of those offering the education.
Is it not natural for those having had good or bad experience with situations or people to be biased against or for that which was positive, rather than negative? If one has a bad experience with a brand of car is one likely to replace it with another of the same brand?
Ok. So, let’s agree that being an elitist or patriot can be as much a prejudice as being anti-any kind or type of people. If so, our objective, in striving for mutual benefit, should be to create and foster positive and mutually constructive contact between groups of people having different characteristics?
So, what does all of the forgoing have to do with the use of royalties in the financing of privately-owned companies? I know that many of my friends are now smiling as they have been expecting an asserted linkage of thoughts, knowing of my highly prejudiced passion for the use of royalties.
It is a pre-judgment or prejudice against the unknown use of royalties which prevents many from embracing the obvious benefit of revenue sharing over minority ownership of stock in privately-owned companies.
We have already addressed all of the possibly negative issues regarding royalties from both the perspectives of the business owners and investors. If only those with businesses to expand or money to invest would let us know their concerns of perceived objections to the use of royalties, we could all benefit.
Don’t be negatively prejudiced against royalties, just because you have not been exposed to or educated about the ways they can answer your financial and investment concerns. Send me your data and let me suggest solution to your needs. Your risk is a bit of time, but your possible profit is significant.
Arthur Lipper, Chairman
British Far East Holdings Ltd.
858 793 7100
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