Default Quotes - page 3
A state that does not plan does not, by default turn this function over to the market. Even if the market is perfectly efficient, it still suffers from two ineradicable defects. The first relates to the distribution of income and power: the market conveys signals only in relation to the purchasing power of the individuals transmitting them. The poor do not matter to the market. The second relates to representation: people not yet born do not turn up at the stores. They send no market signals at all.
James K. Galbraith
The United States, as you point out, has been actually freer than most in terms of offering access to information. It doesn't have to be this way. Openness is not the default in terms of how if you look back in time, or even around the world. We need to show how openness works better. That you end up with companies that thrive better. That you have, with standards, you have more competition that builds more jobs. That openness is a win.
Brewster Kahle
Tribal behavior is more deeply ingrained than are mere cultural prescriptions. Its longevity and stability point strongly to a genetic basis. This is hardly surprising, given that tribes are the default human social institution. The inbuilt nature of tribalism explains why it took so many thousands of years for East Asians and later Europeans to break free of its deadening embrace.
Nicholas Wade
There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake in them and they're not playing with other people's money, that by default it's a safer system, because you really have skin in the game. You really own the company.
Andrew Ross Sorkin
If we were going to default, we would have decided that many months ago. It would be wrong for the Greek economy, it would be wrong for the European economy, it would make things worse in the end. That's why we're taking the pain and making these structural reforms, and we're on target.
George Papandreou
