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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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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Poor
Globalization
Seems
Represent
May
Motive
Best
Profit
Benefits
Seem
Though
Chance
Reap

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Corporate welfare isn't necessarily a bad thing.
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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.
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Campaigns fail if they waste resources courting voters who are unpersuadable or already persuaded. Their most urgent task is to find and persuade the few voters who are genuinely undecided and the larger number who are favorably disposed but need a push to actually vote.
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In the business world, bad news is usually good news - for somebody else.
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In confusing stock options with ownership, corporations confuse trappings with substance.
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Downsizing itself is an inevitable part of any creatively destructive economy.
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The typical American corporation is a shareholders' republic the same way that China is a peoples' republic.
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Being out of a job can erode people's confidence and their sense of possibility and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong.
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Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.
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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.
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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.
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When all is said and done, cheap gas is an illusion, because our reliance on gas creates a whole series of costs that aren't factored in to the pump price - among them congestion, pollution, and increased risk of accidents.
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The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
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I tend to delay writing by doing more research - it's really the act of writing the piece that I have the hardest time with.
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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.
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Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
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Sometimes even a smart crowd will make a mistake.
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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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When Americans are asked to rank professions in terms of honesty and ethics, insurance agents routinely end up near the bottom of the list - somewhere between politicians and car salesmen. Generally, insurers are seen as clever hucksters who prey on insecurity and ignorance to sell people what they don't need at prices they shouldn't have to pay.
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