The modern corporation must manufacture not only goods but the desire for the goods it manufactures.
My family owned a bunch of pharmaceutical manufacturing plants and other consumer-goods manufacturing plants. We would license Western goods and manufacture them in Iran and distribute them throughout the Middle East.
One of the weaknesses of Indian industry is that in many areas.. like consumer goods.. it is very fragmented. Individually, the companies might not be able to survive. What is needed is a consortium of like companies in one industry, presenting a strong front to the multinationals. The Swiss watch industry did this.
Developing the locally-run industry is very important in increasing the production of consumer goods.
Instead of investing in the goods as they pass between producer and consumer, as the merchant does, the businessman now invests in the processes of industry.
It was only in the late nineteenth century and then the twentieth century, with the maturation of consumer capitalism, that a shift was made toward the cultivation of unbounded desire. We must appreciate this to realize that late modern consumption, consumption as we now know it, is not fundamentally about materialism or the consumption of physical goods. Affluence and consumer-oriented capitalism have moved us well beyond the undeniable efficiencies and benefits of refrigeration and indoor plumbing.
Excess consumption doesn't make people happy. We can continue to provide for our needs, but we can't continue the endless pursuit of ever more consumer goods. There is no energy source that can provide enough consumer goods to meet our human and emotional needs; there never has been, and that's why it's been such a fruitless pursuit.
... in a capitalist society a man is expected to be an aggressive, uncompromising, factual, lusty, intelligent provider of goods,and the woman, a retiring, gracious, emotional, intuitive, attractive consumer of goods.
We do not manufacture wants for goods we do not produce.
One of the things that launched the strength in biotech is when the pharmaceutical industry itself got a little slow.
Disappointment is just the action of your brain readjusting itself to reality after discovering things are not the way you thought they were.
I wish I could have a recurring role on 'Modern Family'. I think 'Modern Family' is the best comedy on television. It's extremely well written, extremely well acted and directed.
The most striking about modern industry is that it requires so much and accomplishes so little. Modern industry seems to be inefficient to a degree that surpasses one's ordinary powers of imagination. Its inefficiency therefore remains unnoticed.
Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.
We didn't see any statistically significant relationship between our buzz and our short-term sales...Is that the end of the story? I would say no. This is one study on a set of brands in a particular company within a certain segment of the consumer-packag ed-goods industry. It is by no means a generalized result that applies to all industries.
The guiding principle is not to manufacture the goods everyone needs, rather to earn profits for a few capitalists.