Word: product
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Dates: during 1960-1969
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Rather than risk $140 million on a product that might not warrant it, the Dutch electronics giant Philips decided last fall to give up developing big computers, concentrate instead on little ones. Battling to survive against U.S. competitors, British producers have been forced to sacrifice innovation to cut costs. In bringing out its 1900-series computer three years ago, International Computers & Tabulators kept the development bill down to a mere $20 million by using such existing innards as transistors and printed circuits instead of the more sophisticated integrated microcircuits offered by its U.S. rival. Even so, the effort almost wiped...
These conspicuous absences prove the contrary of Marcus' suggestion that good writing is somehow a function of national power and prosperity and a product of the consensus that goes with them. The U.S. is represented not by Virgilian celebrators of the Great Society but by outsiders dog-paddling against the mainstream of American life. If American society is a success, no one would know it from this anthology. Unless it is Louis Auchincloss (unrepresented here), the white Anglo-Saxon Protestant has no laureate and, unless it is John O'Hara (also unrepresented), no candid friend. The voice...
What about abortions? Why is it not "organized?" The answer is not easy, and there may be too many special characteristics of this market to permit a selection of the critical one. The consumer and the product have unusual characteristics Nobody is a "regular" consumer the way a person may regularly gamble, drink, or take dope. (A woman may repeatedly need the services of an abortionist, but each occasion is once-for-all.) The consumers are more secret about dealing with this black market, secret among intimate friends and relations, than are the consumers of most banned commodities...
...think this is basically more important than the influence of Castro. In other words, I think the problem is more serious than as just a by-product of Castro...
...Fairy Tale." Conflict between business and government, said Galbraith, has disappeared along with classical capitalism. "No Ford executive will ever fight Washington as did Henry I." The new industrial state is the product of technology. Since World War II, technology has pushed the price of introducing new goods so high that no company can risk its investment on anything so old-fashioned as a simple supply-and-demand marketplace -which is little more than a "fairy tale" anyway. To eliminate risks, droves of technocrats set minimum prices, ar range orderly supply and virtually dictate demand through advertising...