A Quote by Ron Chernow
One of the special characteristics of New York is that it is different from a London or a Paris because it's the financial capital, and the cultural capital, but not the political capital.
Related Quotes
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
Silicon Valley has been a technology capital like New York is a financial capital.
Some of us claim that New York City is the capital of the country, indeed the capital of the world. Now, that may be a bit much for those who don't come from New York, but clearly we are an important city for reasons of our cultural advantages.
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.
Virtually no other state concentrates as much political, economic and cultural power in its capital city. Even Paris is less economically dominant than London and its hinterland.
New York City is the financial capital of the world. The Dodd-Frank Act, I think, is going to change that. It's going to send jobs to London and Geneva and Hong Kong and Sydney instead of keeping New York the financial center of the world.
America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.
The financial capital is being concentrated by corporations, institutional investors, and even our pension funds, and being reinvested in companies that repeat this process because it provides the highest return on that financial capital.
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.
I love Mexico because that's where I'm from, but my favorite city, whenever I need to recharge, I love Paris. I get very inspired while I'm there. There's so much art and culture, and Paris, before New York, that was the capital of the world. And I love history too, so I go there. It does something special to me.
Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital from static to more dynamic situations, the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth of the economy.
Intellectual capital will always trump financial capital.
It seems to me self-evident that we cannot have capitalism without capital and, very importantly, that the ultimate source of all economic capital is Nature's capital
Intellectual capital drives financial capital and growth.
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