Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (103697)	2/11/2009 3:27:38 AM
From: Cogito	Read Replies (1) \| Respond to of 542011

>>"the rise of the use of computer-based inventory control systems that allow information about stock levels to flow freely between retail outlets, their suppliers, distributors, and manufacturers" is "the market solving the industry problem"<< Tim - I knew you were going to say that. I think you're missing an important aspect of the situation, however. The development of microcomputers and large interconnected networks was a one-time occurrence. The need had been there for a long time, but the technology didn't exist. Now the technology is available, and inexpensive, so the need can be met. The change we're talking about is roughly equivalent to the first Industrial Revolution. Sure, the market had something to do with the motivation that people had to develop the technology. But the market itself didn't solve the information problem. The market had to wait for a set of technological breakthrougs, and such these kinds of breakthroughs are rare. One doesn't see something like the Internet being invented every few years. There isn't going to be a technological breakthrough that suddenly makes people able to get jobs in an economy that is slowing down dramatically. - Allen