Computer games Quote by Walter B. Wriston
““When steel mills can move to more hospitable climates, they no longer present a stationary target for government or union control. The more than sixty minimills in the United States moved not toward the coal and iron deposits in the ground but toward the source of scrap and cheap electricity. The new technology moved them into the information economy, not an economy of gadgets and computer games but a fundamental upheaval by which men and nations make their living and thus a revolution of all the rules by which we live.””
About This Quote
Source Speech: Business Forum, 1985
Relocating steel mills to flexible, cheap resources reshaped industry and society.
In simple terms: Moving steel changes economies.
Key Takeaway
Adapt to resource shifts.
Themes
industrial change
economics
technology
Mood
analytical
reflective
Type
historical
economic
When to use this quote
- energy policy
- manufacturing
- global trade
- urban planning
Key Concepts
Supply chain
regional development
Questions to Reflect On
- How does resource location affect power?
- What are the social impacts of industrial moves?
A Different Perspective
Transition costs can be high.
