Failure Quotes - page 69
The reality is gas prices should be much more expensive then they are because we're not incorporating the true damage to the environment and the hidden costs of mining oil and transporting it to the U.S. Whenever you have an unpriced externality, you have a bit of a market failure, to the degree that eternality remains unpriced.
Elon Musk
Three or four years ago a distinguished Frenchman, M. Hovelacque, published an article on America in the Revue de Paris in which he maintained that the essential weakness of our American civilization lay in the failure of our education to produce any equivalent of the superior man of Confucius or the καλὸς κἀγαθός of the Greeks.
Irving Babbitt
This higher will is felt in its relation to the impressions and impulses and expansive desires of the natural man as a will to refrain. ... The failure to exercise the will to refrain in some form or degree means spiritual anarchy. A combination such as we are getting more and more at present of spiritual anarchy with an ever-increasing material efficiency-power without wisdom, as one is tempted to put it-is not likely to work either for the happiness of the individual or for the welfare of society.
Irving Babbitt
No rising star in the political firmament ever shone more brightly than Oswald Mosley, none promised more surely to soar to the heavens – and none fell to earth with so deadening a thud. Never were such rich talents so wretchedly squandered. Never did success turn to failure so inscrutably.
Oswald Mosley
We are a capitalist party. We believe in capitalism. When we look at the astonishing material achievements of the West, at our own high and rising physical standard of living, we see these things as the result, not of compulsion or government action or the superior wisdom of a few, but of that system of competition and free enterprise, rewarding success and penalising failure, which enables every individual to participate by his private decisions in shaping the future of his society.
Enoch Powell
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Nassim Nicholas Taleb
The path away from economic freedom is, as Hayek long ago demonstrated, the road to serfdom. The road may be a long one: the pace may be swift or slow: but the destination cannot be changed. State ownership, state monopolies, state regulation and state planning, through the centralisation of economic power, inevitably lead to economic failure. They inevitably increase both the temptation and the scope for abuses of political power until freedom itself is threatened. The planned economies, the controlled societies which socialism requires, pervert what are truly economic decisions for the market into political decisions for the politician or the bureaucrat. The fruits of centralised economics are corruption, poverty and servility-and in the socialist society the only medicine which may be prescribed is heavier doses of the same socialist poison.
Norman Tebbit
