Cost Quotes - page 47
Like it or not, giant, vertically integrated corporate enterprises were the most efficient means of organizing the production and distribution of mass produced goods and services. Bringing together supply chains, production processes, and distribution channels in vertically integrated companies under centralized management dramatically reduced transaction costs, increased efficiencies and productivity, lowered the marginal cost of production and distribution, and, for the most part, lowered the price of goods and services to consumers, allowing the economy to flourish. While those at the top of the corporate pyramid disproportionately benefited from the increasing returns on investment, it's only fair to acknowledge that the lives of millions of consumers also improved appreciably in industrialized nations.
Jeremy Rifkin
The truth is, that what men demand in life, and miss if they do not find it, is not antagonism and warfare, but struggle, effort, cost, strenuousness. It is not hate and enmity that have ennobled warfare. It is not killing that has made the life of the soldier fruitful in moral lessons. It is the nerve, endurance, hardihood, and courage that we love to see. Of these superb qualities there is likely to be a demand to the end of the human course; for it is out of these things that life is forever being wrought. The grown man conceives the universe, not as two impossible opposites in conflict, but as one harmonious structure; out of his soul, brought into unison with God, all hate has vanished.
Charles Fletcher Dole