Marshall McLuhan Quotes
Societies have always been shaped more by the nature of the media by which men communicate than by the content of the communication.
McLuhan, Marshall, and Quentin Fiore. The Medium is the Massage: An Inventory of Effects. Bantam Books, 1967, p. 8.
At the time, there were few who saw the significance and many dismissed it as left wing intellectual paranoia. By the end it the 29th century it was the right wing which carried this mantra.
An economic bubble occurs when the investing public with little logic and facts to support it actions exhibits great enthusiasm and overvalues some kind of asset with the logic that the price is going up and someone later will pay more than I just did—sometimes called the “greater fool theory”. Historically Fama claims that there were no bubbles until there were media to whip up the irrational enthusiasm necessary for a bubble to take place. Capitalist history is full of bubbles ranging from real estate, to tulips; from silver to dot com shares. The damage is always great to the people at the end who are stuck with the object of the bubble which few people want any more. In the period before the bubble, lots of people make money contributing to the demand for the object of the bubble.
Nixon shortly thereafter hired Ailes to run his television campaign operations. At the time, there was still much debate as to whether television had any serious place in political campaigning. Ailes was not only ahead of his time conceptually, but developed many of the basic techniques that politicians used with television for years thereafter.
Herbert Marshall McLuhan CC was a Canadian philosopher, whose work is among the cornerstones of the study of media theory. Born in Edmonton, Alberta, and raised in Winnipeg, Manitoba, McLuhan studied at the University of Manitoba and the University of Cambridge. He began his teaching career as a professor of English at several universities in the US and Canada before moving to the University of Toronto in 1946, where he remained for the rest of his life.
