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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who wrote (1987)2/21/2001 1:00:53 AM
From: westpacific  Read Replies (3) of 74559
 
TraderMike - forget the railroads, what about the National Highway System begun in 1956 by the Eisenhower Administration. It was more transforming ultimately than the Internet will prove to be.

The Interstate, as opposed to the Internet, spurred suburban development, efficient greenfield office and production facilities, just-in-time production and that wonder of retailing efficiency, the mall. 'I'd take the economies of scale afforded by the mall anyday over e-tailing.' 'It affords the consumer much greater convenience in finding most anything he wants in one place, an ability to try on and easily return goods and a social experience to boot! The internets only advantage is a wider selection.'

Robert Schiller
Economist, Yale University
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