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Industry Quotes

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Industry Quotes

“No nation can be really great unless it is great in peace, in industry, integrity, honesty. Skilled intelligence in civic affairs and industrial enterprises alike; the special ability of the artist, the man of letters, the man of science, and the man of business; the rigid determination to wrong no man, and to stand for righteousness-all these are necessary in a great nation.”

“It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.”

“The paramount problem... is how to make this new form of property ownership a workable agent toward repeopleizing the proprietorship of the country's industries. Open to the wage-earner of the country the road to proprietorship... not as a gratuity, but as their proper allotment out of the combined forces that have made the enterprise successful.”

“We call it EPCOT, spelled E-P-C-O-T: Experimental Prototype Community of Tomorrow. Here it is in larger scale. EPCOT will take its cue from the new ideas and new technologies that are now emerging from the creative centers of American industry. It will be a community of tomorrow that will never be completed, but will always be introducing and testing and demonstrating new materials and systems. And EPCOT will always be a showcase to the world for the ingenuity and imagination of American free enterprise.”

“What the carburetor, sparkplug and self-starter are to an automobile, initiative, private enterprise and executive ability are to industry as a whole, including the wage earner, wage payer, wage spender and wage saver, i.e., the investor. If the sparkplug and self-starter get out of commission, the car will come to a standstill.”

“Based on technological research and the transformation of nature, industrialization constantly goes forward, giving proof of incessant creativity. While certain enterprises develop and are concentrated, others die or change their location. Thus new social problems are created: professional or regional unemployment, redeployment and mobility of persons, permanent adaptation of workers and disparity of conditions in the different branches of industry.”

“The oil industry is hardly free to operate as efficiently as it could or to be as responsive to consumer demands as it would like. It has become, in essence, a quasi-state-run enterprise, because it cannot drill, transport, refine, and store fuel without receiving government permission, complying with government regulations, and paying taxes at every level or production.”

“It is a truism that the structure of a society is basically determined by its technology. Not in an absolute sense-there may be totally different cultures using identical tools-but the tools settle the possibilities; you can't have interstellar trade without spaceships. A race limited to a single planet, possessing a high knowledge of mechanics but with its basic machines of industry and war requiring a large capital investment, will inevitably tend toward collectivism under one name or another. Free enterprise needs elbow room.”

“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.”