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Sometimes you have to destroy your business in order to save it.

Movies' mistrust of capitalism is almost as old as the medium itself.

For most Americans, work is central to their experience of the world, and the corporation is one of the fundamental institutions of American life, with an enormous impact, for good and ill, on how we live, think, and feel.

From James Surowiecki

Of course, presidents are always blamed or rewarded for the state of the economy.

From James Surowiecki

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

From James Surowiecki

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.

From James Surowiecki

Markets work best when there's lots of information available and a historical track record to go on; they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.

From James Surowiecki

Besides great climates and lovely beaches, California and Greece share a fondness for dysfunctional politics and feckless budgeting.

From 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.

From James Surowiecki

In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.

From James Surowiecki

James Surowiecki

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