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" ... I’ve often pondered on why capitalism doesn’t work the way it’s supposed to when it comes to reallocating resources. The theory is that a useful business attracts human and financial capital, but shouldn’t the opposite also be true? A no-longer useful business should release its capital back into the marketplace. But institutions formed during their useful phase never seem to go away voluntarily. Like fat cells clinging to a body, they want to eat, too, despite their uselessness. Over-and-done-with firms need to be pushed out of business before their dead hand can be pried from the stick. ... "
" ... Nothing says “it’s over” more than the piles of discarded fir trees that line the streets on January 6. But with somewhere close to 40 million of them sold across the U.S. and U.K., their sudden uselessness is symbolic of more than just the end of festivity. ... "
" ... Part of the problem with age bias is that it is so deeply rooted in the human psyche that it often goes unrecognized. Gerontologist Robert N. Butler, the first director of the National Institute on Aging, said ageism reflects a deep seated uneasiness on the part of the young and middle aged - a personal revulsion to and distaste for growing old, disease, disability, fear of powerlessness, uselessness and death. ... "
" ... The association of old age with decline and uselessness runs deep. To carry on with work during the traditional retirement years — or indeed with anything more demanding than afternoon lectures, a movie and an early dinner — is often considered cute at best and depressing at worst. In his essay, “Notes on Aging,” economist John Kenneth Galbraith called these commonplace reactions (surprise laced with condescending admiration or misplaced concern) the “ˆStill Syndrome.” ... "
" ... This instinct, however, could be very counter-productive in the realm of startups. Product perfection is worthless with product uselessness. In fact, many of your customers will not mind using a mediocre solution as long as it solves their problem. ... "