“We’ve had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren’t going to lay off people, that we’d taken a tremendous amount of effort to get them into Apple in the first place — the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that’s exactly what we did. And it worked. And that’s exactly what we’ll do this time.”
— | Steve Jobs (via danw: mikehudack; marco :bijan) vruz: Economics: Anti-cyclic economic policies paired with social responsibility. Also seen in China, Brazil and mostly every other ideology-flexible country that has not taken a major hit yet. It wasn’t long that the Republican party was discussing the meaning of “income distribution”. The utter incapacity to acknowledge a changing reality, the inability to articulate any meaningful response in times of sweeping change is appaling. (via vruz) (via fred-wilson) |
