Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (16863)	3/16/2002 4:37:19 AM
From: Ilaine	Read Replies (2) of 74559

Hmm. It appears that historians don't rate communication technology as disruptive. Haven't read Schumpeter yet, maybe he does. At any rate, Tylecote doesn't mention the telegraph, the telephone, trans-Atlantic cables, radio, motion pictures, television, or cable TV. When you come right down to it, Internet is in this category. It doesn't move widgets, it moves words and pictures. If we define production as making widgets, then the debate is over. Internet doesn't make better widgets, and it doesn't make widgets better.

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