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A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that cannot create jobs themselves, but can stand in the way of job creation.
George Gilder
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George Gilder
Age: 84
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Ends
Industry
Strewn
Past
Policy
Profitability
Long
Stand
Industries
Way
Economy
Failures
Time
Create
Libertarian
Company
Capital
Jobs
Companies
Guzzling
Cannot
Creation
Subsidizing
More quotes by George Gilder
Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities.
George Gilder
People cannot be expected to learn one expertise and just apply it routinely in a job. Your expertise is in steadily renewing your knowledge base and extending it to new areas. That lifelong cycle of learning really is the foundation of the new information organization and economy.
George Gilder
The welfare culture tells the man he is not a necessary part of the family he feels dispensable, his wife knows he is dispensable, his children sense it.
George Gilder
In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.
George Gilder
The envy of excellence leads to perdition the love of it leads to the light.
George Gilder
A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge
George Gilder
On every continent and in every epoch the peoples who have excelled in creating wealth have been the victims of some of society's greatest brutalities.
George Gilder
Capitalism begins with giving.
George Gilder
In embracing change, entrepreneurs ensure social and economic stability.
George Gilder
The first priority of any serious program against poverty is to strengthen the male role in poor families.
George Gilder
It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: If I had listened to my customers, I would have built a faster horse. Inventions in general express Shannon entropy. They come from the supply side.
George Gilder
All small returns are noise. To transcend the noise and the risk, seek outsized returns from technological paradigms.
George Gilder
A design isn't finished until somebody is using it. Brenda Laurel Intelligent design itself does not have any content.
George Gilder
Surely women's liberation is a most unpromising panacea. But the movement is working politically, because our sexuality is so confused, our masculinity so uncertain, and our families so beleaguered that no one knows what they are for or how they are sustained.
George Gilder
Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place in which only the predatory and the specially preferred can get ahead.
George Gilder
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
George Gilder
The United States is probably the most [socially] mobile society in the history of the world. The virtues that are most valuable in it are diligence, discipline, ambition, and a willingness to take risks. Education and credentials are most important in government elsewhere most skills are learned on the job.
George Gilder
Hatred of producers of wealth still flourishes and has become, in fact, the racism of the intelligentsia.
George Gilder
Entrepreneurship is the launching of surprises.
George Gilder
Television is not vulgar because people are vulgar it is vulgar because people are similar in their prurient interests and sharply differentiated in their civilized concerns.
George Gilder