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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (22565)	12/6/2004 10:26:28 PM
From: kodiak_bull	Respond to of 23153

Technology? Yes, you could say "technology" if you used it in a very expansive sense (so expansive that no one could recognize it as "technology") so that it expanded to subsume all information and its management, as well as access to certain intangible property rights for such time as necessary. But people normally think of technology as something rather similar to things which can go through a patent office or be copyrighted. Applied information is the key, and it is quite a bit more than "technology". The way DELL runs its business is pure applied information; few would mistake it for "technology". Anyone is free to set up a business and run it on the DELL model; I'm surprised more don't do it successfully. Today's reality is that those 4 elements are no longer key. Key elements in the modern economy are, in ascending order: time, labor, capital, intangible rights and information. Land is of very little value these days, except to speculators. In terms of creating wealth, it's simply a necessary cost, such as electricity or rented furniture. As for your elastic and formless definition of time, perhaps you would have more success if you used another term or idea. Someone spends twice as much "time" but you won't give him twice as much input until you've examined the output. If he's been successful, you'll give him credit ("doubled" his money), but what if that second 8 hours produced the Mother Lode. Only double his input? As I said concerning George Soros, it's easy to determine how much his "time" is worth if you examine his bank account, but that's simply bass-ackwards. Kb