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Industry Quotes

“Let's take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when, at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.”

“What won't work - what can't work - is to act like the last years never happened, and that the survival of the [mass media] industry will be found by hiding content behind walled gardens. Instead of sticking their finger in the dike, trying to hold back the flow of innovation, companies need to ride the rapids of progress and seize the opportunities it provides.”

“Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans.”

“I think the music industry, for instance, is such a huge, multibazillion-dollar industry and it's become very, very savvy. There's a very short grace period in which actual human rebellion or resistance can thrive before it's co-opted by these huge companies. And all of youth culture is packaged and sold back to us at this furious rate these days. I think it's part and parcel to this corporate encroachment on our lives in general.”

“By making marijuana illegal, the agricultural people can't grab hold of it like they did with corn and wheat. So those companies are scrambling around trying to get hold of it, but they can't, because it's a cottage industry, and it will always be a cottage industry. Because the minute the big companies try to make it their own, like they did with soybeans...like Monsanto, they put their own patent on seeds, and you can't do that with marijuana.”

“This is sort of the epitome of the economic elite that is converging with a political elite. It's not only the banks and insurance companies. It's the war industry and private prisons. Certainly the fossil fuel agencies. It's not only that they're supporting this campaign, they're supporters of the Clinton Foundation. And where the Clinton Foundation ends and Hillary's [Clinton] political actions begin, that too is quite troubling.”

“You cannot be a party which takes money from Wall Street, which is not strong on the pharmaceutical industry, which is ripping us off every day, which is not strong on health care in taking on the insurance companies, which has not shown a desire to stand up and fight the economic establishment, and then tell working families that you are on their side. People see through that.”

“There's no question that to some extent there are structural disadvantages built in, not just for women but for other minority groups who don't hold power at the executive level either at the company or in the industry. My position is not just "Oh, okay, anyone can overcome those." It's just as we work to get more women and people in minority groups at higher levels in positions of power, what are our options?”

“If you look for instance at the automobile industry, part of the reason that you have the expansion of that sector, is precisely because we have gone out to talk to the automobile companies to explain government policy with regard to that sector, to talk to them about the MIDP and things like that. And indeed, it has been a very important part of attracting those investors to put in money in the South African economy and build motorcars in South Africa.”

“If you look at the Company Register, maybe that's what we should say to that business consultant or analyst. If you look at the Company Register with the Department of Trade and Industry, one of the remarkable things that you will see over the last few years is, in fact, the growth of small and medium business, many of whom depend on these services to succeed.”