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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (701933)	3/1/2013 6:16:42 PM
From: tejek	Read Replies (1) \| Respond to of 1577900

* This is great economic news that Congress has not yet screwed up: "The pace of growth in the U.S. manufacturing sector picked up to its fastest rate in over a year and a half in February as new orders continued to accelerate, an industry report showed on Friday." * On a related note, austerity doesn't work: "The unemployment rate in the euro zone edged up in January to a new record, official data showed Friday, as the ailing European economy continued to weigh on the job market".

To: i-node who wrote (701933)	3/1/2013 6:21:00 PM
From: tejek	Read Replies (1) \| Respond to of 1577900

Dick Cheney: Condoleezza Rice Was 'Wrong' For Not Handling Syria Like Iraq huffingtonpost.com

To: i-node who wrote (701933)	3/1/2013 7:36:01 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1577900

Inode, Some can. Others can't and never will. Particularly, given the willingness of taxpayers to carry them. I don't think you got my point regarding the transition of the American economy away from agriculture and toward industrialization, then toward service and information. But let's take your example of 3D printing. If this technology takes off, it will lower the barriers for manufacturing, which will necessarily increase the diversity of manufactured components. Sure we'll have less of a need to build manufacturing plants, and that might cost some construction jobs, but the explosion in cheap, custom manufacturing will drive the free market in new ways unimaginable by even the brightest analysts and central planners. As long as government allows the market to evolve and progress forward, people can and will adapt, especially as productivity increases. This will in turn grow the economy, and ideally everyone will benefit. Those who can't adapt will just have to cope. Maybe go into the business of selling antiques. The big danger is that government will try and step in to prevent the perceived negative consequences of said technologies. If you as a conservative fear the effects of technology on unemployment, think about how much liberals fear them. Then they'll advocate policies that protect the old "smoke stack" industries in the name of preserving jobs. GM is a prime example. Tenchusatsu