Sublime

Taiichi Ohno, the genius behind the Toyota lean manufacturing system, said: ‘All we are doing is looking at the timeline from the moment the customer gives us an order to the point when we collect the cash. And we are reducing that timeline by removing the non-value-added

Profits are a product of doing the right thing—over and over again.

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

rabbit. So you can think of the economy as a series of shocks moving to an equilibrium, shock, moving to an equilibrium.

“we have entered a different phase for the economy, a new era where production matters less and what matters more is access to that production: distribution, in other words—who gets what and how they get it”[282]. In this context, there

1. First one tries to identify and eliminate the things that need not be done at all, the things that are purely waste of time without any results whatever.

As workers, we are in a very unequal competition with machines. If growth has slowed to the point that production capacity exceeds actual use, then we’re the ones who lose our jobs. Technological development is only going to move forward, and every time a new machine comes into use at the company, it costs us working hours.

every time humanity has shifted to a new stage, it has invented a new way to collaborate, a new organizational model.