Thomas Sowell: “The crucial distinction between market transactions and collective decision-making is that in the market people are rewarded according to the value of their goods and services to those particular individuals who receive those goods and services, and who have every incentive to seek alternative sources, so as to minimize their costs, just as sellers of goods and services have every incentive to seek the highest bids for what they have to offer. But collective decision-making by third parties allows those third parties to superimpose their preferences on others at no cost to themselves, and to become the arbiters of other people’s economic fate without accountability for the consequences.” [via CafeHayek]
Martin Wolf: “My new book is called The Crisis of Democratic Capitalism. In essence, what it says is that our system, which is about the marriage of democracy with the market economy, is failing. It’s failing economically, and because it’s failing economically, it’s failing politically. That has left us open to profoundly antidemocratic forces, and we have to reverse this before it’s too late…When properly done, the market economy and democracy go along with one another. They both rest on the novel idea that people can’t be defined by ascribed inherited status.”
The Streaming Book: by Matthew Ball. “A free and chart-filled mini-book on where we are in the Streaming Wars, have been, and will go.”
Kevin Kelly: “One of my pieces of advice that I, again, repeat to myself, or I condensed so that I could repeat to myself was, when I can’t find something in my house that I know that I have, and I finally find it, I say to myself, ‘Don’t put it back where I found it. Put it back where I first looked for it.’ And, I always tell myself that, ‘Oh right, no, no, don’t put it back–put it back where I looked for it.’ And, that’s much, much better. And, I can find it again very fast. Because I think about it and that’s where it is. So, it’s a little story I tell myself and it works.”
