[Successful] projects that entrepreneurs initiated and carried through had one essential quality. All had been thoroughly contemplated by the regnant experts and dominant companies, with their large research staffs and financial resources, and had been judged too difficult, untimely, risky, expensive and unprofitable.
George GilderIn order to understand the movement of prices, you need not an oscilloscope to measure the entire market and reduce it to noise, but a microscope to investigate the creative process behind every company and its price.
George GilderThe most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.
George GilderThe information glut has become a ruling cliche. As all resources - from energy to information - become more abundant, the presure of economic scarcity falls ever more heavily on one key residual, and that single shortage looms ever more stringent and controlling. The governing scarcity of the information economy is time: the shards of a second, the hours in a day, the years in a life, the latency of memory, the delay in aluminum wires, the time to market, the time to metastasis, the time to retirement.
George GilderCreativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
George GilderThe rates of taxation climb and the levels of capital decline, until the only remaining wealth beyond the reach of the regime is the very protein of human flesh, and that too is finally taxed, bound, and gagged, and brought to the colossal temple of the state - a final sacrifice of carnal revenue to feed the declining elite.
George GilderWelfare now erodes work and family and thus keeps poor people poor. Accompanying welfare is an ideology - sustaining a whole system of federal and state bureaucracies - that also operates to destroy their faith. The ideology takes the form of false theories of discrimination and spurious claims of racism and sexism as the dominant forces in the lives of the poor.
George Gilder