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Politics : Ask Michael Burke
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To: Don Lloyd who wrote (70905)11/23/1999 9:11:00 AM
From: Freedom Fighter  Read Replies (1) of 132070
 
Don,

>>There is no reason to assume that productivity improvements necessarily lead to increased profits. Company
specific productivity improvements that are unavailable to its competitors usually increase profits, but rapid widespread technological change can easily destroy profitability as adaptation becomes necessary for survival, as opposed to generating excess profits.<<

I agree (especially as it relates to the internet). It seems to me that any destruction of profits would be temporary though.

In any event, I wasn't talking about excess profits. (higher returns on capital). I was talking about the economic growth that comes from improved productivity. We essentially monetize productivity and increase the income streams.

Corporate profits tend to track GDP growth within a range over the long haul. But I'm really not interested in what the government says productivity or GDP is. I'm interested in where corporate profits are heading and why. I can measure that and have confidence in those numbers.

Wayne
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