Disasters redistribute money from taxpayers to construction workers, from insurance companies to homeowners, and even from those who once lived in the destroyed city to those who replace them. It's remarkable that this redistribution can happen so smoothly and quickly, with devastated regions reinventing themselves in a matter of months.
James SurowieckiA long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.
James SurowieckiDefense contractors are able to reap tremendous profits while rarely confronting the risks for which those profits are supposed to be the reward.
James SurowieckiThe stock market has an insidious effect on C.E.O.s' moods, because of its impact not just on their companies but on their own bank accounts.
James Surowiecki