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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (3431)	12/26/1999 7:00:00 PM
From: marcos	Respond to of 5053

That's the Fixed Pie-Size Theory, the one that proposes that efficiencies in technology will unfairly affect distribution of a static economy. But the pies they just keep coming. McCormick's reaper put many corn harvesters out of work, but those among them willing and able to adapt found work building railroads or getting involved in the burgeoning industries encouraged by increased transportation capability. As Morris and Ruskin pointed out, there were extremely regrettable losses in quality of life among some classes. But you didn't see them heading out scythe in hand into the fields to harvest corn, either. They were Authors, an occupation made possible by technological advances in printing and transportation. I've made my own diatribes against the Internet Bubble. You know where i did it? Eee-yup, on the internet -g- Its effects on retailing is only one aspect of the internet, it's much bigger than that, imho. And the specifics of all its effects on retailing have yet to be seen. It will widen markets, at the same time as it channels customers into the most efficient suppliers. It's not just a North American thing, but worldwide. We won't know the whole story for a long time yet, imho.