Quote

The business of America shouldn't be subsidizing business.

James Surowiecki

Change background

T
T
T

Change font

TAGS & TOPICS

James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
America
Subsidizing
Shouldn
Business

More quotes by James Surowiecki

Image
The history of the Internet is, in part, a series of opportunities missed.
James Surowiecki
Image
If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.
James Surowiecki
Image
One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
James Surowiecki
Image
Of course, presidents are always blamed or rewarded for the state of the economy.
James Surowiecki
Image
But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.
James Surowiecki
Image
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.
James Surowiecki
Image
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
James Surowiecki
Image
The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.
James Surowiecki
Image
Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil Company of New Jersey. These were name changes that worked. But for all the ones that do, there are 10 or 20 that don't.
James Surowiecki
Image
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
James Surowiecki
Image
Breaking tasks down into smaller sub-tasks can be very useful.
James Surowiecki
Image
In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
James Surowiecki
Image
Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.
James Surowiecki
Image
All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
James Surowiecki
Image
Movies' mistrust of capitalism is almost as old as the medium itself.
James Surowiecki
Image
Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
James Surowiecki
Image
Pop music thrives on repetition. You know a song's a hit when you've heard it so often that you'll be happy never to hear it again.
James Surowiecki
Image
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.
James Surowiecki
Image
There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.
James Surowiecki
Image
Punk rock has never really had much patience with musical virtuosity. Actually, it'd be more accurate to say that for most of its history, punk has been actively hostile to virtuosity.
James Surowiecki