We need to recognise that the entire information sector-from music to newspapers to telecoms to internet to semiconductors and anything in-between-has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.
Eli NoamRelated topics
anything entire equilibrium failure front fundamental happening information market motion music need reach right sector slow subject time internet eyes effectsRelated quotes
Peter, in showing that the Church is one and that only those who are in the Church can be saved, said: "In the Ark of Noah certain persons, numbering only eight, were saved by water, which Baptism effects in like manner for you" (1 Peter 3:20). He proves and demonstrates that the solitary Ark of Noah was the figure of the One Church. If, at the time of this Baptism of the world anyone could have been saved without having been in the Ark of Noah, then he who is outside the Church could now be brought to life by Baptism.
Cyprian
We must, with God's help, eradicate the deadly poison of the demon of anger from the depths of our souls. So long as he dwells in our hearts and blinds the eyes of the heart with his somber disorders, we can neither discriminate what is for our good, nor achieve spiritual knowledge, nor fulfill our good intentions, nor participate in true life; and our intellect will remain impervious to the contemplation of the true, divine light; for it is written, 'Man's anger does not bring about the righteousness of God' (Jms. 1:20).
John Cassian
Be kinder than necessary because everyone is fighting their war or battle and suffering losses. Live simply, love generously, care deeply for the needs of your neighbour, speak softly... And leave the rest to the Lord. It is not faith, nor dogmatics, nor mysticism, nor ascetism, nor fasting, nor long prayers, but love that makes one a true Christian.
Everything becomes pointless without this fundamental thing - love for our neighbour.
Luke (Voyno-Yasenetsky)
The resolution of our current account deficit and household debt burdens does not strike me as overly worrisome, but that is certainly not the case for our fiscal deficit, which, according to the Congressional Budget Office, will rise significantly as the baby boomers start to retire in 2008. Our fiscal prospects are, in my judgment, a significant obstacle to long-term stability because the budget deficit is not readily subject to correction by market forces that stabilize other imbalances.
Alan Greenspan
It had taken me a while to work out what I got from this. You didn't watch in the hope of seeing something exciting. Just the opposite. You watched because the very lack of discernible activity, of presented subject matter, made the view itself seem more real. If you watch something in particular, all you see is that thing happening. You see the moment, the event, and you are distracted from the long, slow tide of eventlessness underlying it. If you watch nothing, then you see everything. You see the thing as it is.
Michael Marshall Smith
