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By 2025, China caught up to the United States in the number of nuclear plants: fifty-five and fifty-four, respectively. Though the United States might restart a few decommissioned reactors, it has just one under construction. Meanwhile,
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“It is interesting to consider how many more benign behaviours might be made possible through semantic invention. I have always thought, for instance, that the word ‘downsizing’, which is used not only as a euphemism for redundancies, but in another sense refers to the voluntary decision by ‘empty nesters’ to move to a smaller and more manageable home, is a very useful coinage. It allows older people in needlessly large homes to portray their move to a smaller house as a choice born out of preference, rather than – as it may otherwise be assumed to be – a compromise born of financial necessity. Create a name, and you’ve created a norm.*”
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
“One of the most important ideas in this book is that it is only by deviating from a narrow, short-term self-interest that we can generate anything more than cheap talk. It is therefore impossible to generate trust, affection, respect, reputation, status, loyalty, generosity or sexual opportunity by simply pursuing the dictates of rational economic theory. If rationality were valuable in evolutionary terms, accountants would be sexy. Male strippers dress as firemen, not accountants; bravery is sexy, but rationality isn’t.”
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
“I had decided before we moved that I wanted to live somewhere interesting, placing more emphasis on the architecture than on the precise location or the number of bedrooms. This eccentric approach certainly minimises status envy. Occasionally we visit insanely expensive houses owned by friends. ‘What did you think?’ my wife will ask as we drive home. ‘Well it’s certainly big,’ I reply, ‘but I couldn’t help thinking the architecture was a bit rubbish.”
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
“When every function of a business is looked at from the same narrow economic standpoint, the same game is applied endlessly. Define something narrowly, automate or streamline it – or remove it entirely – then regard the savings as profit. Is this, too, explained by argumentative thinking, where we would rather win an argument than be right? I rang a company’s call centre the other day, and the experience was exemplary: helpful, knowledgeable and charming. The firm was a client of ours, so I asked them what they did to make their telephone operators so good. The response was unexpected: ‘To be perfectly honest, we probably overpay them.’ The call centre was 20 miles from a large city; local staff, rather than travelling for an hour each day to find reasonably paid work, stayed for decades and became highly proficient. Training and recruitment costs were negligible, and customer satisfaction was astoundingly high. The staff weren’t regarded as a ‘cost’ – they were a significant reason for the company’s success. However, modern capitalism dictates that it will only be a matter of time before some beady-eyed consultants pitch up at a board meeting with a PowerPoint presentation entitled ‘Rightsizing Customer Service Costs Through Offshoring and Resource Management’, or something similar. Within months, either the entire operation will be moved abroad, or the once-happy call centre staff will be forced on to zero-hour contracts. Soon nobody will phone to place orders because they won’t be able to understand a word they are saying, but that won’t matter when the company presents its quarterly earnings to analysts and one chart contains the bullet point: ‘Labour cost reduction through call centre relocation/downsizing’.”
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
“In my view, this theory has much to commend it. For one thing, it explains why individuals use reason so sparingly, selectively and above all self-servingly. It explains why we are good at contriving reasons for positions we already hold, or for decisions we have already made. And it explains confirmation bias, which leads people to seek out and absorb only that information which supports an existing belief. It also explains ‘adaptive preference formation’, where we change our perception of reality in order to depict ourselves in a better light. In this model, reason is not as Descartes thought, the brain’s science and research and development function – it is the brain’s legal and PR department.”
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
― Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life — A Guide to Brand Magic
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