Costs Quotes - page 27
It thus became vital to the peace of the planters' minds that the frustrations of the "crackers," "sandhillers," or "poor white trash" be diminished or placated at all costs. This involved, first and foremost, keeping the bogeyman of race ever before the nonslaveholders' eyes, for whatever hatreds the poor whites nursed against the planters, they nursed still greater ones against blacks.
Allen C. Guelzo
Beating the market is a zero-sum game for investors. Money managers, as a group, must provide the market return... But that return comes only before their exorbitant fees, operating expenses, and portfolio turnover costs are deducted. The zero-sum game before costs becomes a loser's game after costs.
John Bogle
For starters, the emerging zero marginal cost economy radically changes our notion of the economic process. The old paradigm of owners and workers, and of sellers and consumers, is beginning to break down. Consumers are becoming their own producers, eliminating the distinction. prosumers will increasingly be able to produce, consume, and share their own goods and services with one another on the Collaborative Commons at diminishing marginal costs approaching zero, bringing to the fore new ways of organizing economic life beyond the traditional capitalist market model.
Jeremy Rifkin
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
Institutionalized white supremacy in the United States and South Africa ended when the costs of maintaining it became too high to bear by white supremacists in both countries. It was only after the costs became high that people and rulers in both countries opted to end the institutionalized basis of white supremacy.
Joseph Massad
It is unnecessary to attempt any general rule as to where the overall balance lies in comparing the respective costs of knowledge in larger and smaller decision-making units. What is important is to understand that (1) the respective cost advantages of the large and small units differ according to the kind of knowledge involved (general versus specific), that (2) most decisions involve mixtures of the two kinds of knowledge, so that the net advantages of the larger and smaller units vary with the kind of decision, and (3) the effectiveness of hierarchical subordination varies with the extent to which the subordinate unit has knowledge advantages over the higher unit.
Thomas Sowell
In its pursuit of justice for a segment of society, in disregard of the consequences for society as a whole, what is called 'social justice' might more accurately be called anti-social justice, since what consistently gets ignored or dismissed are precisely the costs to society. Such a conception of justice seeks to correct, not only biased or discriminatory acts by individuals or by social institutions, but unmerited disadvantages in general, from whatever source they may arise.
Thomas Sowell
..I am not going to New York, I am leaving Paris. That's quite different. Long before the war [World War 1.] I already had a distaste for the 'artistic life' I was involved in. – It's quite the opposite of what I'm looking for. – And so I tried, through the Library, to escape from artists somewhat. Then, with the war, my incompatibility with this milieu grew. I wanted to go away at all costs. Where to? My only option was New York where I knew you [ Walter Pach, artist and friend of Duchamp] and where I hope to be able to escape leading the artistic life, if needs be through a job which will keep me very busy. I ask you to keep all this from my brothers [all his brothers were artists as well] because I know my leaving will be very painful for them. – the same goes for my father and sisters.
Marcel Duchamp
These [anti-government] websites are expensive to maintain. We have been told that it costs about RM60,000 to set up the equipment, and around RM30,000 to maintain ... I don't rule out the possibility that the websites are being funded by foreign elements, perhaps using students to do the work.
Ibrahim Ali
The anatomy and workings of the Deep State are reflexive, rather than a matter of collusion and conspiracy. Simple psychology-human nature at its worst-sees government jobs and programs, war and welfare alike, protected in perpetuity and at all costs by the administrators of government jobs and programs.
Ilana Mercer
