13 June 2007

Is Your Dad A Capitalist Or A Socialist?

Robert asks this question in his new article for gather.com. My gut reaction to any article or speech is fueled by my current definition of the words being used. Capitalist? Socialist? I think of the USSR or China when I hear the word socialist. I think of communism. Is that what Robert meant? When I hear capitalist, I think of Rockefeller, Morgan, Carnegie, etc. Capitalist or socialist - they both, at least from my current understanding of the words, conjure negative thoughts. Right or wrong?

I love the quote Robert uses from F. Scott Fitzgerald.

“The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.”

We have talked about that here at The Rich Dad Company since the day I arrived. If I cannot open my mind to see, understand and at least respect another point of view, then I have lost. My job (as a person) is to try to understand all points of view, then establish my own. I can't stand it when people write off a subject or idea or point of view simply because of the affiliation(s) of the person saying it. Talk about closed minded. That bugs the crap out of me.

According to Carol Dweck in her book Mindset: The New Psychology of Success, we all have either a growth mindset or a fixed mindset. I have always had, and always will have a growth mindset.