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

To: Dan B. who wrote (5276)	6/8/2000 1:05:00 PM
From: LLCF	Read Replies (1) \| Respond to of 5676

<Yes, "millions" of times more productivity is a pretty heavy handed positive future estimation to back-up> Actually I believe he said in the PAST decade, which is why I posted my experience which clearly showed increased productivity to be much smaller than his claim in that case. <A real world similar example of this today might be Rekjavic(sp?) Iceland, where crime is minimal, and the natural steam power providing for energy needs at costs nearly free, is there to thank.> And where you don't need a cell phone because you just yell across the street. :) < Still, the basic notion that productivity gains are actually being understated, may well withstand arguments here to the contrary, particularly when talking "real" economic productivity gains. > I believe THIS is what needs to be focused on, and I must say that the original poster [Heinz] as well as the replys to GG all addressed this in a more pragmatic common sense way that GG. I think a follow up post by him showing some cases of REAL productivity gains [ie. electronic stock exchange = 10% of the cost of a physical stock exchange for instance] vs some wild assumption about a computer 1000x faster is 1000x times more productive type stuff. Anyway, that's where I think the topic should go, I'll tell you I'm the first to say that the free flow of information has certainly reduced 'information cartels' (my bad analogy) that used to get in my way [investment info], and I have nothing but praise for the internet etc. in this regard... still, there is ton's to be discussed on the topic, and IMO the "obvious" answer that productivity is understated is far from clear IMO. DAK DAK