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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (20761)	7/4/2002 11:59:54 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

Hi DJ: >>All in all, the new paradigm economy has miserably failed by all accounts<< I don't know how anyone can make that claim with a straight face. The "new paradigm" economy has been a huge success in myriad ways. I won't bore you with a list, but ask yourself this - how is it possible for American Airlines to decide that they will no longer pay commissions to travel agents? >>The old economists were, of course, fully ware of the importance of productivity growth. But regarding it as the dependent variable of capital accumulation, they focused on the key conditions fostering and allowing for a high rate of capital accumulation: savings, profits and investment.<< Capital investment is certainly one way (the brute force way) to achieve productivity, but there are also some extremely powerful ideas that reached critical mass in the early '90s - lean & continuous flow manufacturing/business processes - that when hitched to low cost information technology made extraordinary productivity gains possible with a much lower level of capital investment than in the past. The principal author of this revolutionary new may to look at business processes is an Israeli physicist, Eliyahu Goldratt. If you've never heard of Goldratt or Shigeo Shingo, then you don't have a clue about productivity. >>PS: I'm not (just;) needling Mike<< I shall consider myself duly needled.

To: smolejv@gmx.net who wrote (20761)	7/5/2002 8:49:09 PM
From: 49thMIMOMander	Read Replies (1) \| Respond to of 74559

productivity growth, is that pro-forma or EBACADADA (Earnings Before All Costs and Doubts and Depreciations and...) Ilmarinen, sorry, I know, much better EBITTTYXXDADAXCACAXXX things can be produced.. Hmm, earnings before and after siphoning old people of their retirement, two coins of every widow, a dime fro a child, better career at WallStreet or at the pork feed of centrilized tax collecting sites like Washintong?? endless possibilites, now as before.