Market Quotes - page 79
Wealth in the modern world does not come merely from individual effort; it results from a combination of individual effort and of the manifold uses to which the community puts that effort. The individual does not create the product of his industry with his own hands; he utilizes the many processes and forces of mass production to meet the demands of a national and international market. Therefore, in spite of the great importance in our national life of the efforts and ingenuity of unusual individuals, the people in the mass have inevitably helped to make large fortunes possible. Without mass cooperation great accumulations of wealth would be impossible save by unhealthy speculation. As Andrew Carnegie put it, "Where wealth accrues honorably, the people are always silent partners."
Franklin D. Roosevelt
While my companion is busily engaged in getting copy for a special article about the Market, I step nimbly out of the way of a swarthy gentleman from Calabria, who with his two-wheeled barrow is the last link in the immense chain of transportation connecting the farmer in the distant tropics and the cockney pedestrian who halts on the sidewalk and purchases a banana for a couple of pennies.
William McFee
A form of influence such as advertising sets out intentionally to insulate reactors (mindless consumers) from the more conscious and critical selves (potential abstainers) not by multiplying alternatives (as laisser-faire advocates of the market economy would like to believe) but by provoking dormant and partial desires in a way that circumvents the normal, conscious, rational process.
Benjamin Barber
The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.
Ludwig von Mises
A class of labourers, who live only so long as they find work, and who find work only so long as their labour increase capital. These labourers, who must sell themselves piecemeal, are a commodity, like every other article of commerce, and are consequently exposed to all the vicissitudes of competition, to all the fluctuations of the market.
Karl Marx
Xiaomi, founded in Beijing in 2010 by Lei Jun, a computer scientist and charismatic serial entrepreneur now in his mid-forties, has accomplished a lot in half a decade. Even just looking at its sales figures, the superlatives pile up. In its short life, it has gone from a startup focused on making a new mobile phone interface to beating Samsung as the number one phone vendor in the largest market in the world in 2014. Its products are so popular in China that it has become the third largest ecommerce firm there just selling its own products, after the general marketplace sites Alibaba and JD.com, and ahead of Amazon.cn.
Clay Shirky
We "conserve" nothing; neither do we want to return to any past periods; we are not by any means "liberal"; we do not work for "progress"; we do not need to plug up our ears against the sirens who in the market place sing of the future: their song about "equal rights," "a free society," "no more masters and no servants" has no allure for us.
Friedrich Nietzsche
That which Heraclitus avoided, however, is still the same at that which we shun today: the noise and democratic chatter of the Ephesians, their politics, their latest news of the "Empire,” ... their market business of "today”-for we philosophers need to be spared one thing above all: everything to do with "today.” We reverence what is still, cold, noble, distant, past, and in general everything in the face of which the soul does not have to defend itself and wrap itself up.
Friedrich Nietzsche
Over the past decade, I have watched more than 100 companies try to remake themselves into significantly better competitors. They have included large organizations (Ford) and small ones (Landmark Communications), companies based in the United States (General Motors) and elsewhere (British Airways), corporations that were on their knees (Eastern Airlines), and companies that were earning good money ((Bristol-Myers Squibb). Their efforts have gone under many banners: total quality management, reengineering, right-sizing, restructuring, cultural change, and turnarounds. But, in almost every case, the basic goal has been the same: to make fundamental changes in how business is conducted in order to help cope with a new, more challenging market environment.
John Kotter
Having alternative currencies is great, right, because, historically, government's had a monopoly on currency. ... At the end of the day, why should only politicians-either directly or indirectly-control the currency? We can reduce transaction cost, provide an alternative, and-look, I don't know whether it'll be Bitcoin or not-but I think the concept of digital currencies is here to stay, and the fact that a politician would write to try to ban them in their infancy is just the wrong way to go about it. Let the market determine whether there's any value there or not. ... If people are saying, "Look, we gotta ban Bitcoin because it's somewhat anonymous and anonymous transactions can occur," or "because it's possible for criminals to use it," all of those arguments can be used to say, "Just ban dollars."
Jared Polis
From the moment he switches on an early-morning news broadcast until he falls asleep at night over a novel or a magazine, he is, like all other people living in modern civilized conditions, swimming in words. Newspaper editors, politicians, salesmen, disc jockeys, columnists, luncheon club speakers, and clergymen; colleagues at work, friends, relatives, wife and children; market reports, direct-mail advertising, books, and billboards -- all are assailing him with words all day long. [...].
S. I. Hayakawa
Magic isn't real. There has to be a logical reason explanation for the effect of Ivory Tower achievement on Real World success. And here it is: despite the chasm between what students learn and what workers do, academic success is a strong signal of worker productivity. The labor market doesn't pay you for the useless subjects you master; it pays for preexisting traits you reveal by mastering them.
Bryan Caplan
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the ‘real' economy's ability to carry this debt. ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
Michael Hudson (economist)
In a world that had become a salvage operation, the general supply evolved into Union Grove's leading industry. When every... useful thing in town had been stripped from the Kmart and the United Auto, the CVS drugstore, and other trading establishments of the bygone national chain-store economy, daily life became a perpetual flea market centered on the old town dump.
James Howard Kunstler
