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Strategies & Market Trends : The Millennium Crash
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To: yard_man who wrote (5010)3/23/2000 9:46:00 PM
From: TigerPaw  Read Replies (2) of 5676
 
I know this is mass hysteria
The current economy has been changing drasticly since the 1960s. The key here is computers. The big difference that affects everything is that now there is reliable and cheap control over activities which are just not feasable with human power or intellect. Imagine trying to hire someone to turn your lawn sprinklers on and off when needed. You would have to be a Rockefeller with a lawn staff to get the job done. Now it is a minor affair.

This gets bigger and bigger with even more complex and repetative jobs. This is what is changing the world. The last time a change of this magnitude was afoot was around 1830 when animal power was being replaced by portable power with ramifications in almost every area of life. That boom lasted throughout the 1800s and for a score of years after. The current cycle may last that long, in which case there is another 50 years of growth and prosperity before it's over (with inevitable short term corrections). It may be that we are on internet time and this boom with only last a tenth of that. There are a whole lot of good ideas which haven't had their chance yet because bandwidth and communication are not yet adequate. When we get through those, and if there are no new ideas in sight, then will come the crash. We are not even close.
TP
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