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Quote by James Surowiecki

“What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.”

Quote by James Surowiecki

Author

James Surowiecki

James Surowiecki is a renowned journalist and author, born in 1967. He is known for his insightful analysis of economic and social issues, particularly for his ability to translate complex economic theories into easily understandable content. more

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“What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.”

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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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“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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“When Americans think of college these days, the first word that often comes to mind is 'debt.' And from 'debt' it's just a short hop to other unpleasant words, like 'payola,' 'kickback,' and 'bribery.'”

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“Workers who come to the U.S. see their wages and their standard of living boosted sharply simply by crossing the border. That's a good thing, and one of the best arguments for immigration reform, even if you'll rarely hear a politician make it.”

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“You might think of consumption as a fairly passive activity, but buying new products and services is actually pretty risky, at least if you value your time and money.”

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“My faith foundation works to bring about a greater respect and understanding between different faiths. We basically work with six popular religions in the world which are the three Abrahamic religions, Hinduism and Buddhism and Sikhism.”

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“Conflict is not inevitable, but disarmament is... everyone now accepts that if there is a default by Saddam the international community must act to enforce its will.”

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“Genetic modification has many different areas, for example in medicine, and Britain is at the leading edge of this new technology. I don't know, but people tell me, it could indeed by the leading science of the 21st century. All I say to people is: 'Just keep an open mind and let us proceed according to genuine scientific evidence.'”

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“I learnt a lot in government, and I've learnt a lot since leaving government. The kind of journey of being in government is that you start at your most popular and least capable, and you end at your most capable and least popular.”

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