“The industry has not grown much during the past three or four years. It is practically stabilized at the present [1927]. What has taken place is a shift from one manufacturer to another.”

— Alfred P. Sloan

Source: Alfred P. Sloan in The Turning Wheel, 1934, p. 210. Sloan in his Proving Ground address in 1927 to automobile editors, in discussing the so-called saturation point.

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Alfred P. Sloan 47

American businessman 1875–1966

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“You of course appreciate that this industry of ours the automotive industry is today the greatest in the world. Three or four years ago it passed, in volume, steel and steel products, the next largest industry. This means, expressed otherwise, that upon its prosperity depends the prosperity of many millions of our citizens and the degree to which it has become stabilized in turn has a tremendous influence on the stabilization of industry as a whole, and therefore on the prosperity and happiness of still many more of our citizens. Directly and indirectly, this industry distributes hundreds of millions of dollars annually to those who are connected with it, in one way or another, as workers. It also distributes hundreds of millions of dollars in the aggregate to those who have invested in its securities. The purchasing power of this total aggregation, as you must appreciate, is tremendous.
I believe that if you questioned many of your readers as to the present position of the automotive industry, they would tell you that it is growing by leaps and bounds. I believe further you would sense uncertainty as to what is going to happen in the industry when the so-called state of saturation is reached. I do not know whether you appreciate it or not, but the industry has not grown very much during the past three or four years. It is practically stabilized at the present time.”

Alfred P. Sloan (1875–1966) American businessman

Source: Alfred P. Sloan in The Turning Wheel, 1934, p. 331-2: Speech by President Alfred P. Sloan, Jr., delivered to representatives of the automotive press at the Proving Ground on September 28, 1927.

“What has taken place is a shift of business from one manufacturer to another, and the announcements in the press as well as the general publicity of those manufacturers who have succeeded in increasing their business give, I think, the impression that this is true of the whole industry. If we could assume, for the sake of argument, that we will reach the point at which twenty-five million cars and trucks will be registered in the United States an assumption that from what we have accomplished so far is certainly perfectly reasonable then I think we could safely say that the replacement demand, plus the export demand which will increase for many years yet, plus the normal growth, would amount to something like four to four and one half million vehicles a year and would require the manufacture of a number of cars equal to or greater than has yet been produced in any year in the history of the industry…
I am sure that I do not need to elaborate what the automotive industry consists of, its influence on the prosperity of the United States, the influence that it has had in many other industries which contribute to its production necessities. General Motors is an important part of this great industry of ours and as my contribution to your visit with us I would like to tell you in a brief way something about General Motors; how we are thinking, what we are doing, and our ambitions for the future.”

Alfred P. Sloan (1875–1966) American businessman

Source: Alfred P. Sloan in The Turning Wheel, 1934, p. 332-3: Speech by President Alfred P. Sloan, Jr., 1927 (II)

“One of the most significant results of the industrial struggle during the past fifty years has been the creation of a condition of a vast inequality of wealth and income.”

Kirby Page (1890–1957) American clergyman

"The Commercial Motive" ibid.
Context: One of the most significant results of the industrial struggle during the past fifty years has been the creation of a condition of a vast inequality of wealth and income. This inequality is so extreme that it now constitutes one of the chief sources of bitterness and strife in modern life.... not that the poor have been getting poorer but that the number and sizes of great fortunes have increased enormously.

“Paralleling the corporate shift away from manufacturing goods to manufacturing brands, Christianity in North America has drifted from a faith of substance to a faith of perception.”

Skye Jethani

The Divine Commodity: Discovering A Faith Beyond Consumer Christianity (2009, Zondervan)

“He is divisive. He is manipulative. He is a user. He has taken much from me and the industry.”

Gary Kildall (1942–1994) Computer scientist and entrepreneur

Unpublished memoir Computer Connections, referring to Bill Gates; quoted in Paul Andrews (14 July 1994), "A Career Spent in Gates' Shadow—Computer Pioneer Dies at 52", Seattle Times

“During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries in the world. During the 1980s, our annual rate of growth of output per head in manufacturing has been the highest of all the seven major industrial countries.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech http://hansard.millbanksystems.com/commons/1987/mar/17/the-economic-background in the House of Commons (17 March 1987)

“How helpless human beings are—in fact, how helpless all beings are! How hopelessly dependent we are upon the past, and how impossible it is to be really original! What the future will be depends upon what the present is, for the future will grow out of, and inherit, the present. What the present is depends upon what the past was, for the present has grown out of, and inherited, the past. And what the past was depends upon a remoter past from which it evolved, and so on. There is no end anywhere of dependence, either forward or backward. Every fact, from an idea to a sun, is a contingent link in an eternal chain.”

J. Howard Moore (1862–1916)

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“The "corporatization of America" during the past century has been an attack on democracy—and on markets, part of the shift from something resembling "capitalism" to the highly administered markets of the modern state/corporate era.”

Noam Chomsky (1928) american linguist, philosopher and activist

Profit Over People (1999).
Quotes 1990s, 1995-1999
Context: The "corporatization of America" during the past century has been an attack on democracy—and on markets, part of the shift from something resembling "capitalism" to the highly administered markets of the modern state/corporate era. A current variant is called "minimizing the state," that is, transferring decision-making power from the public arena to somewhere else: "to the people" in the rhetoric of power; to private tyrannies, in the real world.

“The past is the place we view the present from as much as the other way around.”

Frederick Buechner (1926) Poet, novelist, short story writer, theologian

Now and Then: A Memoir of Vocation (1983)

“But during all the long years this matter has been discussed, advocated, refuted, the people themselves—poor people especially—were blindly, desperately practicing family limitation, just as they are practicing it today. To them birth control does not mean what it does to us. To them it has meant the most barbaric methods. It has meant the killing of babies—infanticide,—abortions,—in one crude way or another.”

Margaret Sanger (1879–1966) American birth control activist, educator and nurse

My Fight for Birth Control, 1931, page 133.

“The industry has not grown much during the past three or four years. It is practically stabilized at the present [1927]. What has taken place is a shift from one manufacturer to another.”

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Alfred P. Sloan 47

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