Michael S. Lorrey <email@example.com> Wrote:
> and prices were far below profitable levels for many if not most farmers
>(i.e. production exceeded demand).
That's just natures way of telling farmers that you're making too much of something,
if you ignore natures advice you go broke, as well you should.
>And how quickly do you think it would take for them [oil workers] to go into another
>line of work?
I don't know. Perhaps it could happen quickly, or perhaps it would take a long time to teach
them how to make Mr. Fusion machines, if so the fusion industry would be handicapped by
a labor shortage and the demise of the oil business would be delayed.
>Take a look at Russia right now. Its been 10 years since their defense industry
>collapsed (about 50% of their entire economy)
>From an economic viewpoint defense is a drain not a fundamental source of wealth,
it's like paying millions of people to build pyramids or dig holes and then fill them up again.
>and the place is still a shithole.
Russia was always a shithole.
>Any new industry is not going to be burdened, and will not want to be burdened by
Maybe, but most "new economy" companies are not unionized and their employees
don't seem to be suffering much. But I don't want to talk about unions, it's just too dull.
>They will automate as much of their manufacturing as possible.
If you're saying that eventually machines will be able to do everything better than
human beings then I agree, but is that really your point, we were after all talking about
> Would you have invested in CISCO telephone wire routers if you knew that
>another technology was 12 months down the road that would give you 100x
>the capability for the exact same price?
In the real world the company is still managing to find plenty of customers, I grant you that the
technology isn't improving by a factor of a hundred every year, the amount of information
CISCO can send down a line is only doubling every 9 months but the end is not in sight.
>I noticed you deleted my explaination for why they'd be screwed no matter how much
>they wanted to and were capable of building an aircar.
It is my habit to delete as much irrelevant quoted material as I possibly can, unlike certain
people I could name.
John K Clark firstname.lastname@example.org
This archive was generated by hypermail 2b29 : Thu Jul 27 2000 - 14:09:52 MDT