James Gleick Quotes
The Internet has taken shape with startlingly little planning? The most universal and indispensable network on the planet somehow burgeoned without so muchasa boardofdirectors, never minda mergers-and- acquisitions department. There is a paradoxical lesson here for strategists. In economic terms, the great corporations are acting like socialist planners, while old- fashioned free-market capitalism blossoms at their feet.
Gleick, James. "Making Microsoft Safe for Capitalism." The New York Times Magazine, 5 Nov. 1995, p. 64.
He had just been appointed Finance Minister in the midst of a severe recession with the Japanese stock market and currency badly depressed.
Collection of Spoken Words of the Prophet. Ironically, despite the reverence with which words of the Hadith are accorded in Islam, from time to time Muslim theologians and authorities have attempted to establish “fair prices” despite this free market view of the Prophet.
There have always been economic and political ideologues. However in the George W. Bush administration ideological purity was a key criterion for appointment, and many appointments were made of ideologues who had no experience and had accomplished little previously. This quotation was a criticism of the unfettered free market ideology of so many of the Bush appointees. Critics like Bernstein saw this ideological focus as opposed to pragmatism, as responsible for the poor economic record of the Bush administration. Apologists for Bush and conservative economic ideology attribute the economic problems to cycles over which the administration and government had little control.
The mantra was not heard much after the collapse of the ‘smart’ markets in 2008 and the ‘dumb’ governments had to come to the rescue of the economy all over the industrialized world.
He was not able to maintain this position. Even Communist and Socialist states have had to cope with problems triggered by markets.
Arguing for less secrecy of the Federal Reserve Bank:
This rigid view left no room for regulation which is what almost every modern industrial democracy has chosen. To some of his extremist followers, any government regulation of business or the economy whatsoever, regardless of how little, means that the nation has embraced socialism. It is in this sense that many extreme right wingers viewed Presidents like Franklin Delano Roosevelt, Harry Truman, John Kennedy, Bill Clinton, and Barack Obama as socialists while they saw themselves as opponents of socialism.
James Gleick is an American author and historian of science whose work has chronicled the cultural impact of modern technology. Recognized for his writing about complex subjects through the techniques of narrative nonfiction, he has been called "one of the great science writers of all time". He is part of the inspiration for Jurassic Park character Ian Malcolm.
