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.

Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?

To: corporal spewchunks who wrote (971)	4/25/1999 1:11:00 AM
From: corporal spewchunks	Read Replies (2) \| Respond to of 2018

" In every industrial transformation, businesses prosper by using the defining abundance of their era to alleviate the defining scarcity. Today this challenge implies a commanding moral imperative: to use Internet bandwidth in order to stop wasting the customer's time. Stop the callous cost of queues, the insolence of cold calls, the wanton eyeball pokes and splashes of billboards and unwanted ads, the constant drag of lowest-common-denominator entertainments, the lethal tedium of unneeded travel, the plangent buffeting of TV news and political prattle, the endless temporal dissipation in classrooms, waiting rooms, anterooms, traffic jams, toll booths and assembly lines, through the impertinent tyranny of unneeded and afterwards ignored submission of forms, audits, polls, waivers, warnings, legal pettifoggery. All these affronts once were tolerable in an age when the customer's time seemed abundant--an available economic externality in an economy of material scarcity. All are intolerable in an age of compounding abundance, pressing down on the span of life as the irreducible scarcity. For all this abusive waste of the most precious resource, the remedy is the Net. Businesses must use its defining abundance--MIPS, bits and gigahertz--to redress the residual scarcity of time. A key way to save time is to economize on space--geography. In practical terms, there is only one way to collapse time and space together. That is to relegate more and more of the routine functions of life to microchips, where room expands as space contracts, and where operations cycle in nanoseconds, and then to interconnect the chips through the technologies of the speed of light. This is the promise of the Internet and it will keep the Giant Peach aloft and ascendant in the new global economy of bandwidth abundance." ##### Famous words from an article by George Gilder about eating peaches in Jan. 1998.