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Standards wars involve lots of variables, and understanding them often seems more an art than a science. They generally involve just two big players, and end in a winner-take-all situation.

James Surowiecki

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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
War
Lots
Often
Players
Science
Generally
Art
Standards
Two
Player
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Ends
Situation
Involve
Seems
Understanding
Winner
Take
Bigs
Wars

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Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
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The ban on sports betting does exactly what Prohibition did. It makes criminals rich.
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If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.
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Downsizing itself is an inevitable part of any creatively destructive economy.
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