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

To: Taro who wrote (859521)	5/23/2015 6:47:51 PM
From: i-node	1 Recommendation Recommended By FJB Respond to of 1575455

I honestly don't know how anyone can claim to be an economist, YET by 1998, not have understood the implications of the Internet. At that time I was doing a consulting job for a large distributor who was selecting a warehousing system, and I sat with the owner and explained that over the coming ten or fifteen years the importance of the Internet would radically alter his business and that we needed to take that into account. When I explained to him HOW it would affect his business, he immediately got it. There was no hesitation; he understood that he had to prepare for these changes. And he acted accordingly. I only heard about Krugman's comment a few years ago and I absolutely could not believe he had said it. Anyone could have seen it coming, and certainly anyone in the business of making economic prognostications.