James Surowiecki
James Surowiecki
James Michael Surowieckiis an American journalist. He is a staff writer at The New Yorker, where he writes a regular column on business and finance called "The Financial Page"...
NationalityAmerican
ProfessionJournalist
CountryUnited States of America
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The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.
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You might say that economic history is the history of people learning to manage risk.
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Corporate welfare isn't necessarily a bad thing.
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The Xbox 360 is the best game console ever designed. It's fast and powerful - games look as good on the 360 as on high-end PCs that cost six times as much. It's easy to navigate and has lots of useful secondary features - the ability to play digital video, stream MP3s, and so on.
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Politically speaking, it's always easier to shell out money for a disaster that has already happened, with clearly identifiable victims, than to invest money in protecting against something that may or may not happen in the future.
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Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the future Fords and General Motors of cyberspace that are getting the capital they need.
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Workers who come to the U.S. see their wages and their standard of living boosted sharply simply by crossing the border. That's a good thing, and one of the best arguments for immigration reform, even if you'll rarely hear a politician make it.