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

To: Maurice Winn who wrote (21809)	7/28/2002 7:17:32 PM
From: paul_philp	Read Replies (2) \| Respond to of 74559

Paul, another angle on the same idea is that the losses could have been avoided if great care and small incremental steps were taken. I don't think so. It seems that big continuities need a big leap. It is indeed dangerous to cross a chasm in two steps. The red hot revolution in technology and globalisation continues. Thanks to the quick and huge investment in the late 1990s, as you say. It's happened and it happened quickly. Now the job is to mix that technology into our social, political and economic practices. Technology development is easy. Social mutation takes time. Resitance is futile. As a matter of fact, I sense in the economic bears a wish to return to a simpler time before all this ridiculous technology divert us from the important things in life. Paul