Communication Quote by William Graham Sumner
“The waste of capital, in proportion to the total capital, in this country between 1800 and 1850, in the attempts which were made to establish means of communication and transportation, was enormous.”
About This Quote
A large portion of capital was wasted on failed attempts to build communication and transportation infrastructure between 1800‑1850.
In simple terms: Much money was lost on unsuccessful transport and communication projects in the early 19th century.
Invest wisely in infrastructure.
Themes
Mood
Type
When to use this quote
- government budgeting
- private investment decisions
Key Concepts
Practical Applications
- evaluate project feasibility before funding
Questions to Reflect On
- What criteria would improve project selection?
- How can we balance innovation with prudence?
Risk of repeating past waste