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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Skeptic who wrote (8057)	11/24/1997 12:56:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 13949

Skeptic wrote: Would the loss of several million marginal small businesses necessarily be a bad thing? A case could be made for a Darwinian cleansing of the weakest economic entities after which the overall economy would emerge stronger than ever. Just a thought. The logic flaw in your argument is that the Y2K software problem facing many small businesses was of their own doing. I suppose there will be some early lawsuits along the lines of "you should have told me vs. you should have asked", but my opinion is that the courts will just say "buyer beware". Heck, the dishwasher I bought 4 years ago just failed whereas the one before it lasted 15 years. What can I do? Why should software be any different? Now, back to your argument... What if the system in question that would fail on 1/1/2000 kept track of meal grants for the Meals on Wheels program? What if the system in question kept track of yearly donations to a church? How in the heck does having these businesses go under help our economy? Small business employs the majority of the workforce. Let's not forget that. - Jeff