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Quote by Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

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Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

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“Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible.”

EconomicsIndustrial RevolutionEconomics PhilosophySupply And Demand
Book:Born to Rebel: The Life of Harriet Boyd Hawes
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“Surely little remained of the Puritan legacy of prudish rectitude, he thought: surely this was now a country of excess, gluttony, lust, and sloth; surely this had grown into a land where obesity reigned and even the poor moved ponderously down the street on big thighs that rubbed fatly together. What had become of the pilgrims' gaunt and stingy oversight? He knew in part it was the visionary genius of enterprising men, but such entrepreneurs were only the tools of a hungry culture. For the descendants of those gray, upright pioneers had cherished cravings for beef patties with ketchup, deep-fried chicken and vats of ice cream, chemically scented and dyed all the colors of the rainbow, and billions upon billions of gallons of soda. Their thirst had never been quite slaked and so they never finished drinking; and this was the market in all its streamlined functionality—which, precisely where the supply and the demand curves crossed, had swiftly produced a nation of paralyzed giants, fallen across their couches much as soldiers on the field of battle, their arteries hard, their softened hearts failing. The market made a fool of you by giving you what you wanted. But this did not make him resent it; it merely earned his respect. From the day you were born you were called upon to discern what to choose.”

AmericaExcessRestraintMarketsGluttonyJunk FoodEntrepreneursSupply And DemandPuritanism
Book:How the Dead Dream
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“With no VCRs or MTV in 1975, the 'Bohemian Rhapsody' video was the most expensive TV viewing in history. For the song's nine-week reign at UK number one, every fan who desperately wanted to see that mind-blowing 'promotional film' just one more time had to cast their vote by buying the single again and again, thereby forcing the mandatory Top of the Pops re-broadcast of the UK's number one song.”

QueenMtvSupply And DemandMusic HistoryGlam RockBohemian RhapsodyFreddie MercuryVideo RecordingMusic VideoTop Of The Pops
Author:Stewart Stafford
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