The fact that nobody asks you to sing is not an indication that you should sing louder. This sounds obvious until it's applied to matters like mass transportation. There are virtually no private mass transit companies. This does not represent the failure of the market to provide a needed service, it represents the failure of an unneeded service to go away!
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"Some New Tactical Reflections"L. Neil Smith
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In the British public service nothing succeeds like failure: indeed, failure is success, if looked on in the right way, namely as something requiring yet further intervention in people's lives to amend.
Anthony Daniels
...we need to recognise that the entire information sector—from music to newspapers to telecoms to internet to semiconductors and anything in-between—has become subject to a gigantic market failure in slow motion. A market failure exists when market prices cannot reach a self-sustaining equilibrium. The market failure of the entire information sector is one of the fundamental trends of our time, with far-reaching long-term effects, and it is happening right in front of our eyes.
Eli Noam
Strictly speaking, the mass, as a psychological fact, can be defined without waiting for individuals to appear in mass formation. In the presence of one individual we can decide whether he is "mass" or not. The mass is all that which sets no value on itself — good or ill — based on specific grounds, but which feels itself "just like everybody," and nevertheless is not concerned about it; is, in fact, quite happy to feel itself as one with everybody else.
Jose Ortega y Gasset
My theory is that Mariah Carey can sing anything. You hear that expression, 'She can sing the phone book’. If you can really sing, you should be able to sing anything. That's [what] the whole competition [is about].
Mariah Carey
The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.
Robert Haugen
Smith, L. Neil
Smith, Langdon
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