The Internet has become a remarkable fount of economic and social innovation largely because it's been an archetypal level playing field, on which even sites with little or no money behind them - blogs, say, or Wikipedia - can become influential.
From James Surowiecki
All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.
The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
You can't be rich unless everyone else agrees that you're rich.
The business of America shouldn't be subsidizing business.
In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.
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.
Companies, like people, don't much like to change.
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.
10 perspectives
9 perspectives
7 perspectives
2 perspectives
1 perspectives