In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
James SurowieckiAddictive behavior is kind of the inverse of procrastination: procrastination is about not being able to do what you want to do, addiction about not being able to not do what you don't want to do (drink, use drugs, etc.)
James SurowieckiOf course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.
James SurowieckiIn terms of productivity - that is, how much a worker produces in an hour - there's little difference between the U.S., France, and Germany. But since more people work in America, and since they work so many more hours, Americans create more wealth.
James SurowieckiPop music thrives on repetition. You know a song's a hit when you've heard it so often that you'll be happy never to hear it again.
James Surowiecki