Ian Bremmer quote: “New York used to be the financial capital of the world. It's no longer even the financial capital of the U. S. For the …”

“Massive concentration of financial power, accompanied by the machinations of finance capital, can as easily de-stabilize as stabilize capitalism.”

David Harvey (1935) British anthropologist

Introduction, p. xxxii
The Limits To Capital (2006 VERSO Edition)

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 2-3

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

Robert S. Kaplan (1940) American accounting academic

Source: The Balanced Scorecard, 1996, p. 2-3

“Lewis is a former New York Times columnist and an authority on the U. S. Constitution.”

Anthony Lewis (1927–2013) American journalist

[John F., Hagan, November 22, 2003, Americans being denied rights since 9/11, journalist declares, The Plain Dealer, Cleveland, Ohio, B2]
About

“The oldest story in Washington is a new president elected on a pledge to clean up Washington, who then turns to old Washington hands and well-connected financiers to help shepherd his administration.”

Rich Lowry (1968) American journalist

No, the Swamp Won't Be Drained (December 01, 2016)
Context: It wasn’t quite “build the wall” or “lock her up,” but “ and anti-Washington Donald Trump. The swamp will endure; it always does. This doesn’t mean that a Trump administration can’t make the swamp less important.

“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.”

C. Wright Mills book The Power Elite

Source: The Power Elite (1956), P. 47.

“One growing threat to the stability of the U. S. economy, and therefore to its capability to continue to direct the global order, paradoxically emerges from its success in establishing capitalism around the world.”

Herbert Schiller (1919–2000) American media critic

Source: Living In The Number One Country (2000), Chapter Seven, Number One In The Twenty-First Century, p. 183-184

“Leave us alone, or else expect us in New York and Washington.”

Osama bin Laden (1957–2011) founder of al-Qaeda

2000s, Letter to the American people (2002)
Context: Sixthly, we call upon you to end your support of the corrupt leaders in our countries. Do not interfere in our politics and method of education. Leave us alone, or else expect us in New York and Washington.

“From the moment when labour can no longer be converted into capital, money, or rent, into a social power capable of being monopolized, i.e., from the moment when individual property can no longer be transformed into bourgeois property, into capital, from that moment, you say individuality vanishes.”

Friedrich Engels book The Communist Manifesto

Manifesto of the Communist Party (1848)

“We enjoy a considerable net inflow of capital and I am sure that a condition of its coming, and staying, is that it is free to flow out again. It is also important for Hong Kong's status as a financial centre that there should be a maximum freedom of capital movement both in and out.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 29, 1963, page 134.
Official Report of Proceedings of the Hong Kong Legislative Council

“New York used to be the financial capital of the world. It's no longer even the financial capital of the U. S. For the moment, Washington is.”

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