It doesn’t cost anything to replicate code. So the companies that make code, that’s why they’ve done so well. We take it for granted now, but why is it that code is free? It’s because somebody built this self-replicating process.
Transnational, gigantic industrial companies no longer operate within political systems, but rather above them.
The shining star in the world is Shanghai. That’s what CEOs from big companies say – ‘if I want mathematical analytical work done, it’s done in China.’
Even before the expansion of slave labor in the South and into the West, slavery was already an important source of northern profit, as was the already exploding slave trade in the Caribbean and South America. Banks capitalized the slave trade, and insurance companies underwrote it.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people – get them charging things.
So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.
If you’re running an engineering or finance company, all companies depend on ideas and ingenuity. I think the principles of creative leadership apply everywhere, whether it’s an advertising company or whether you’re running a hospital.
It’s easy to complain that pharmaceutical companies place profits over people and apparently care more about hair loss than TB. However, many in the pharmaceutical industry would be glad for the opportunity to reorient their research toward medicines that are truly needed, provided only that such research is financially sustainable.
American workers won’t be able to compete fairly for jobs until companies have to pay higher wages in countries like China and India.
Well, as I understand it, the main supporters are beer companies and the pharmaceutical companies. I’d like them to show me the dead bodies from marijuana. But they can’t because there aren’t any.