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Chains Quotes - page 12 - Quotesdtb.com
Chains Quotes - page 12
Fortunate circumstances must concur, even to the greatest, to render them eminently successful. It is not permitted to all to be born, like Archimedes, when a science was to be created; nor, like Newton, to find the system of the world "without form and void;" and, by disclosing gravitation, to shed throughout that system the same irresistible radiance as that with which the Almighty Creator had illumined its material substance. It can happen to but few philosophers, and but at distant intervals, to snatch a science, like Dalton, from the chaos of indefinite combination, and binding it in the chains of number, to exalt it to rank amongst the exact.
Charles Babbage
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