You said needed....and the businesses that utilize it are the ones the survive in a demand diminshed economy....those are the co's that are able to survive the downturn most effectively...
but create new demand?
i don't think so
Demand diminished economy is your supposition; I certainly dont agree, we have by way of this ongoing dialog; Demand expansion due to increased efficiency and lower cost.
just because a corporate client finds new ways of using images doesn't necessarily translate into profit$$$$, just because you have the technology to achieve an end, doesn't translate in end user demand....*willing to pay* sufficiently to expand the economy...
But it already did. By going on line to purchase the services that purchase indirectly supports the momentum which made the original risk capital that much more legitimate ie. unintended interrelatedness. Besides the actual productive capacity of the medium, the products and logistics systems all changed to facilitate the mediums inroads into demand preference.
so i can go online an order flowers and have them delivered via Fed X.....
big deal...It is a big deal on Mothers day especially, check the numbers.
You should go to the historical data of the US Census bureau and examine the categories of job descriptions, there may have been 60 or 70 in 1929. Today the numbers are expanding exponentialy as specialization of interest drives the need for experts. In the single field of chemical engineering their might be fifty sub types.
Me thinks that those here are posturing political cliches as economics. The subject at hand is rationalizing some view to support a trade position. Position half baked scenarios which can be easily packaged and sold, forget the research.
Demand starts with expanding production and lowering costs. I just watched a program last weekend hosted by the Cato institute that predicted the shift back toward small companies and away from Big oligarchic ones. This fits well with this age of specialization where the contributory content of any party can be the source of that parties economic existance. In this world the incrementalism of moving expertise into the economy creatively, is stealth creative destruction.
The pendulum has begun to swing to the small nimble specialists, serving niche demand ahead of the full blown awareness of a broader populations awareness. These expressions are often quite subtle, they slip under the radar, but they produce lasting changes where the quality of the ideas, products or services, gain a toe hold in their market. This could mean that a mid cap company could have dozens of small to medium enterprises producing economic wealth, most likely in a synergistic fashion, where Bill of materials, or customer bases or any of th elements can be compounded to contribute to company wide profitability. |
