Karl Marx may have been dead wrong about communism, but by George he was right about capitalism: It's brutal.
There are winners and losers, and the only "participation trophy" is raw survival.
Own a business, and you can – and probably will – be blindsided by unanticipated developments that turn your mighty, profitable enterprise into a smoldering pile of ash.
Consider a buggy whip manufacturer around the turn of the 20th century.
This guy had a great business; everyone needed his product to get horses to pull the buggies along, and he made a handsome living.
Of course, a decade or so later, our hypothetical captain of horse-motivating industry had no business, because, heaven knows, you don't need a buggy whip to get your fancy newfangled car to go.
Mark my words: As of today – Sunday, Feb. 4, 2018 – the pharmaceutical and healthcare industries – and everyone that owns a piece of them – look a lot like the buggy whip manufacturers of 1901.
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