Inefficiency Quotes
What did trust, cooperation, progressive taxation and the interventionist state bequeath to western societies in the decades following 1945? The short answer is, in varying degrees, security, prosperity, social services and greater equality. We have grown accustomed in recent years to the assertion that the price paid for these benefits-in economic inefficiency, insufficient innovation, stifled entrepreneurship, public debt and a loss of private initiative-was too high. Most of these criticisms are demonstrably false.
Tony Judt
All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget constraint - are, while real, not unique to state-owned enterprises. Large private-sector firms with dispersed ownership also suffer from the principal-agent problem and the free-rider problem. So, in these two areas, forms of ownership do matter, but the critical divide is not between state and private ownership - it is between concentrated and dispersed ownerships.
Ha-Joon Chang
We trained hard, but it seemed that every time we were beginning to form up into teams we would be reorganized. Presumably the plans for our employment were being changed. I was to learn later in life that, perhaps because we are so good at organizing, we tend as a nation to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization.
Charlton Ogburn
The abolition of the market means not only that the consumers-that is all members of society-are robbed of virtually all choice of consumption and all influence over production; it also means that the information and communication are monopolized by the State, as they too need a vast material base in order to operate. The abolition of the market means, then, that both material and intellectual assets would be totally rationed. To say nothing of the inefficiency of production convincingly demonstrated in the history of communism, this economy requires an omnipotent police state. Briefly: the abolition of the market means a gulag society.
Leszek Kołakowski
In the 21st century, the world needs a confident and effective United Nations. This unique institution should build on its successes and improve its performance. Where there is inefficiency and corruption, it must be corrected. Where there are bloated bureaucracies, they must be streamlined. Where members fail to uphold their obligations, there must be strong action. For example, there should be an immediate review of the Human Rights Council, which has routinely protected violators of human rights. There should be a stronger effort to help the people of Burma live free of the repression they have suffered for too long. And all nations, especially members of the Security Council, must act decisively to ensure that the government of Sudan upholds its commitment to address the violence in Darfur.
George W. Bush
Quote, the viability of a postsingularity economy of scarcity is indicated by the transition from an indirection-layer-based economy using markers of exchange of goods and services to a tree-structured economy characterized by optimal allocation of productivity systems in accordance with iterated tit-for-tat prisoner's dilemma. Money is a symptom of poverty and inefficiency. Unquote.
Charles Stross
You know that in all tombs there is always a false door?"
Renisenb stared. "Yes, of course."
"Well, people are like that too. They create a false door - to deceive. If they are conscious of weakness, of inefficiency, they make an imposing door of self-assertion, of bluster, of overwhelming authority - and, after a time, they get to believe in it themselves. They think, and everybody thinks, that they are like that. But behind that door, Renisenb, is a bare rock ... And so when reality comes and touches them with the feather of truth - their true self reasserts itself.
Agatha Christie