Quotation by

Michael Bloomberg

I don't believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it's so outdated.

Michael Bloomberg

Technology

Understanding this quote AI Analysis

Michael Bloomberg is saying that governments are not effective at choosing which new technologies to support because these technologies evolve quickly. By the time government decisions are made through democratic processes, the technology they picked is often no longer current or useful.

More by this author

All quotes by Michael Bloomberg →

More quotes about Technology

See all →

It has become appallingly obvious that our technology has exceeded our humanity.

The typewriting machine, when played with expression, is no more annoying than the piano when played by a sister or near relation.

Any sufficiently advanced technology is indistinguishable from magic.

The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty, and all forms of human life.

I am sorry to say that there is too much point to the wisecrack that life is extinct on other planets because their scientists were more advanced than ours.

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation…