Quotes about Industries

Buying and selling securities on the Stock Exchange do not start new industries. Big business never starts anything new. It merely absorbs, consolidates and profits at the expense of others.

Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework.

If you can't compete fairly, honestly, effectively, no government should intervene. Now, some governments do. They prop up failing industries.