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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (5042)3/24/2000 10:59:00 PM
From: TigerPaw  Respond to of 5676
 
can you tell me that the internet is more world beating
What you don't realize is that all of those inventions were more or less tied together in a burst of human creativity. The steam engine lead to increased mobility and cheaper manufactured goods, which in turn required and got better communication which happened to be electric, and spun off the rest of electricity and motors and better manufacturing. That was the whole cycle from 1830 to about WWI (and eventually died out in 1929 when nobody could think up anything else really new). The same business and social model survived from early in this century until the mid 1960s.

The really new thing is the computers. The rest of the good fortune we now enjoy is a cascade of events and progress made possible by the dim but persistant intelligence in the little microchips. The storehouse of ideas is not close to exhaustion yet. There is much more to come in terms of robotics, artificial intelligence, virtual reality, and medicine. When those fields are done and everyone is sitting around scratching their head wondering what to do, then I will worry about the big crash.
TP -