The oil market is especially sensitive even to a hint of expansion or contraction in supply.
James SurowieckiFor a crowd to be smart, the people in it need to be not only diverse in their perspectives but also, relatively speaking, independent of each other. In other words, you need people to be thinking for themselves, rather than following the lead of those around them.
James SurowieckiPatrimonial capitalism's legacy is that many people see reform as a euphemism for corruption and self-dealing.
James SurowieckiIn the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.
James Surowiecki