Barry Ritholtz Quotes

Thank you industrialization. Thank you steel mill. Thank you power station. And thank you chemical processing industry that gave us time to read books.

Towards the end of the eighteenth century the industrial-financial revolution began.

Steam and the telegraph and other machinery have required capital greater than any individual can furnish.

If India has to achieve exponential growth, it would have to be on the back of strong growth in the manufacturing sector.

Developing nations want to become developed nations.

In the Machine Age, the company itself became a machine - a machine for making money.

China is still a developing country with a myriad of tasks and challenges.

The 1950s and 1960s had been a period of enormous growth, the highest in American history, maybe in economic history.

The production of too many useful things results in too many useless people.

There are emerging countries. I mean, there are countries, you know, China, India, and Brazil, and all of these countries that are emerging. They are building homes. They are building - so there is a new lifestyle.

With production alone as the goal, industry in North America was dominated by the assembly line, standardization for mass consumption.

Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.

You all know how powerful and varied are the effects of which steam engines are capable; with them has really begun the great development of industry which has characterised our century before all others.

The United States as we know it today is largely the result of mechanical inventions, and in particular of agricultural machinery and the railroad.

Discount air fares, a car in every parking space and the interstate highway system have made every place accessible - and every place alike.

Industrial forces set in motion by steam and electricity have materially changed the structure of our civilization.

Modernization is found in markets.

The spirit of manufacture has taken deep root among us, and its foundations are laid in too great expense to be abandoned.

20 centuries of progress have brought the average citizen a vote, a national anthem, a Ford, a bank account and a high opinion of himself but not the capacity to live in high density without befouling and denuding his environment.

The industrial revolution turned time into a commodity.

...industrialisation took centuries, rather than decades

Without a consumer society there was no need for an industrial revolution.

The essence of the Industrial Revolution was the substitution of competition for the medieval regulations which had previously controlled the production and distribution of wealth.

We plow new fields, we open new mines, we found new cities, we girdle the land with iron roads and lace the air with telegraph wires. We add knowledge to knowledge and utilize invention after invention. Yet it becomes no easier for the masses of our people to make a living. On the contrary, it is becoming harder.

China is developing very quickly. At every stage, its needs are different.