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Companies, like people, don't much like to change.
James Surowiecki
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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Company
Change
Much
Like
People
Companies
More quotes by James Surowiecki
A general principle of good taxation is that similar jobs, and similar kinds of compensation, should be taxed the same way: otherwise, the government is effectively subsidizing some jobs over others.
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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.
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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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The business of America shouldn't be subsidizing business.
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In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
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On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.
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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.
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Now, modern economies have a very effective mechanism for deciding if salaries are really too high: it's called the free market. That's how most people's salaries are set, after all, including those of major-league baseball players and European soccer players.
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In confusing stock options with ownership, corporations confuse trappings with substance.
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The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.
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If companies tell us more, insider trading will be worth less.
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Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest possible price.
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Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.
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All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
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I think there is clearly a connection between free time and procrastination. The more you have of the former, all things being equal, the more likely you are to procrastinate.
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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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Technological innovation has dramatically lowered the cost of computing, making it possible for large numbers of consumers to own powerful new technologies at reasonably low prices.
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Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
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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
On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge moves through an organization. The role that hallway chat plays in driving new ideas has become a cliche of business writing, but that doesn't make it less true.
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