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The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

James Surowiecki

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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
People
Taste
Industry
Wane
Wants
Responsive
System
Industries
Economic
Tastes
Fact
Dynamic
Facts
Changing
Reality
Remain

More quotes by James Surowiecki

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The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
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Medical tourism can be considered a kind of import: instead of the product coming to the consumer, as it does with cars or sneakers, the consumer is going to the product.
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In confusing stock options with ownership, corporations confuse trappings with substance.
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In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.
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Downsizing itself is an inevitable part of any creatively destructive economy.
James Surowiecki
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Since the Protestant majority in Northern Ireland wants to remain a part of Great Britain, and since Ireland itself has shown little interest in reunification, the IRA's prospects for success through political channels have always been limited.
James Surowiecki
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Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.
James Surowiecki
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Companies, like people, don't much like to change.
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One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
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I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
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The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
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In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
James Surowiecki
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The profit motive, indecorous though it may seem, may represent the best chance the poor have to reap some of globalization's benefits.
James Surowiecki
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Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
James Surowiecki
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As technology improves, on-screen avatars look more and more like real people. When they start looking too real, though, we pull away. These almost-humans aren't quite right they look creepy, like zombies.
James Surowiecki
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Academics, who work for long periods in a self-directed fashion, may be especially prone to putting things off: surveys suggest that the vast majority of college students procrastinate, and articles in the literature of procrastination often allude to the author's own problems with finishing the piece.
James Surowiecki
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If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
James Surowiecki
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The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.
James Surowiecki
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In the auto industry, there's one thing you can always count on: if a new environmental or safety rule is proposed, executives will prophesy disaster.
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One of the problems that exacerbates procrastination is the feeling that you have lots of different things to do and no clear sense of which matter more, when they should be done, etc.
James Surowiecki