Quotes About Industry

For many decades after the 1917 Bolshevik Revolution, the Soviet Union had been closed off, an almost forbidden place, another world. The Soviet oil industry operated largely in isolation, with little of the flow of technology and equipment that was common in the rest of the world.

The English textile industry not only was the driving force behind the Industrial Revolution but also revolutionized the world economy.

THE SOVIET UNION was able to generate rapid growth even under extractive institutions because the Bolsheviks built a powerful centralized state and used it to allocate resources toward industry. But as in all instances of growth under extractive institutions, this experience did not feature technological change and was not sustained.

THE SOVIET UNION was able to generate rapid growth even under extractive institutions because the Bolsheviks built a powerful centralized state and used it to allocate resources toward industry.

even if industry itself was very inefficiently organized relative to what could have been achieved. In fact, between 1928 and 1960 national income grew at 6 percent a year, probably the most rapid spurt of economic growth in history up until then.

Many, such as the Ottoman Empire, China, and other absolutist regimes, lagged behind as they blocked or at the very least did nothing to encourage the spread of industry. Political and economic institutions shaped the response to technological innovation, creating once again the familiar pattern of interaction between existing institutions and critical junctures leading to divergence in institutions and economic outcomes. The

Absolutism and a lack of, or weak, political centralization are two different barriers to the spread of industry. But they are also connected; both are kept in place by fear of creative destruction and because the process of political centralization often creates a tendency toward absolutism.

I am highly skeptical of any trend that large corporations participate in.

Capitalist Prime

the media truly is a cabal of hyperpartisan, habitual liars who are destroying an entire industry from within.

capitalism always did manage to make the comfort industry work better than socialism did.

While at General Electric, I'd noticed firsthand what a big difference it made to be in a good industry. When I ran General Electric's major appliance business, we had a great position but were in a crummy, highly competitive, low-growth industry. No matter how hard we worked, we stood little chance of excelling—the pressure on prices was just too intense. It was far easier, I found, to make progress with a business that occupied a bad position in a good industry.

Regarding a prospective company's position in its industry, think hard about whether you might roll up multiple players in a fragmented industry to create a juggernaut. When we entered the gas detection business, there were no big players, but over an eight-year period we were able to acquire several companies, roll them up into a single Honeywell business, and become number one in the industry.

We think of ourselves now as eaters of the pie instead of makes of the pie...Corporations make the pie. They make it and we eat it.

As a rule, almost all of them are Midwesterners...This area of the country, what are we to say of this area of the country, Ms. Beadsman?...Both in the middle and on the fringe. The physical heart and the cultural extremity. Corn, a steady waning complex of heavy industry, and sports. What are we to say? We feed and stoke and supply a nation much of which doesn't know we exist. A nation we tend to be decades behind, culturally and intellectually. What are we to say about it?

this was a couple years before the sudden advance of someone in the luggage industry realizing that suitcases could be fitted with little wheels and telescoping handles so they could be pulled, which was just the sort of abrupt ingenious advance that makes entrepreneurial capitalism such an exciting system—it gives people incentive to make things more efficient).

the purportedly lethal final cartridge was nothing more than a classic illustration of the antinomically schizoid function of the post-industrial capitalist mechanism

It's not an accident they're all so white and clean, for they're clearly meant to represent the Calvinist triumph of capital and industry over the primal decay-action of the sea.

No, for then we should be colliers.

No bal maidens or spallers

To them the mine was a benevolent Moloch to whom they fed their children at an early age and from whom they took their daily bread.

there is in time of peace organized opposition which with tireless industry assembles all the worst possible facts, draws from them the most alarming conclusions, and imputes the most unworthy motives.

It is no longer an unwritten law of American capitalism that industry will attempt to maintain wages at a level that allows a single wage to support a family.

Urique. As a mining village whose best days