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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: Frank A. Coluccio who wrote (24733)1/1/2008 7:30:19 PM
From: pltodms  Read Replies (1) of 46821
 
Hi Frank, I found this article to be entertaining and in many ways raising a similar issue posted on SI, tinyurl.com , in connection with the Vannevar Bush posts. I am sympathetic with the question, “are we moving to fast with technology?”, and have raised it myself in the past. Walter Kirn in his Atlantic Monthly article constructs an interesting montage of selected anecdotal evidence along with one scientific study to tell as that technology is dumbing us down. The Luddites in the nineteenth century must have made similar arguments against the fast-moving technology taking hold in their time.

I am going to digress to a different document, which I shared with you via email: the testimony before the US congress by Richard Bookstaber, October 2007:
house.gov
Bookstaber, a hedge fund manager, is making a similar point with the financial industry. We are loosing control of the increasingly complex financial instruments that are being developed and that oversight is necessary to implement controls to prevent financial disasters from ensuing as we move forward, as the recent subprime crises demonstrates.

Is there an analogy here that we should be thinking about? And, I am not proposing that we all become Luddites.
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