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Why the bust was good for America
by Rattle at 2:59 pm EST, Apr 3, 2003 |
] In fact, history will look back and see gain and gain.
] That's because profits are not the same thing as social
] value. Just because a group of firms, an industry
] segment, flopped as a profitmaker does not mean it failed
] as a producer. Profit is primarily a signal about the
] size of a set of enterprises: If too small, then
] customers are desperate for your products, prices are
] high, and profits abundant; if too large, then customers
] are satiated, you can barely give the stuff away, and
] profits are absent. If profits are high, the industry
] segment should grow; if absent, it should shrink. I agree with the article.. I just dispute the title.. The "rest of us" assumes you didn't work in technology. Its not just the VC that got screwed out of their money, many of us non-ruling class folks have been screwed out of our careers and lives. Its alot like starting over, only the exuberance of youth is just as dead as the irrational kind. So all-in-all, this may be grade-a peaches for America, but it still sucks for me. We are most likely still a good decade away from the point where "gain" and "bust" can be said in the same sentence without a very uncomfortable laugh from most of us who had a part in it all.. |
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RE: Why the bust was good for America
by flynn23 at 11:11 am EST, Apr 4, 2003 |
Rattle wrote: ] I agree with the article.. I just dispute the title.. The
] "rest of us" assumes you didn't work in technology. Its not
] just the VC that got screwed out of their money, many of us
] non-ruling class folks have been screwed out of our careers
] and lives. Its alot like starting over, only the exuberance
] of youth is just as dead as the irrational kind. So
] all-in-all, this may be grade-a peaches for America, but it
] still sucks for me. We are most likely still a good decade
] away from the point where "gain" and "bust" can be said in the
] same sentence without a very uncomfortable laugh from most of
] us who had a part in it all.. Perhaps you're correct on the timeline, but I disagree with your assessment that your life sucks because of the bust. You are smarter, wiser, more experienced, more marketable, and certainly more skilled. Your annual wages went up, to a great degree most likely, and they will probably not go too far down in this economy. You may be unemployed (as I am), but the fact remains that you are not on the streets begging for money. In fact, you're sitting at a computer with incredibly powerful tools, a worldwide network of distribution, and nothing but initiative holding you back. How does that suck? |
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RE: Why the bust was good for America
by Rattle at 3:59 pm EST, Apr 4, 2003 |
flynn23 wrote:
] Perhaps you're correct on the timeline, but I disagree with
] your assessment that your life sucks because of the bust. You
] are smarter, wiser, more experienced, more marketable, and
] certainly more skilled. Your annual wages went up, to a great
] degree most likely, and they will probably not go too far down
] in this economy. You may be unemployed (as I am), but the fact
] remains that you are not on the streets begging for money. In
] fact, you're sitting at a computer with incredibly powerful
] tools, a worldwide network of distribution, and nothing but
] initiative holding you back. How does that suck? There are about 4 hours a day when I'm optimistic, and they are not when I'm reading the news.. Hence MemeStreams will see the ass end of my attitude the bulk of the time. Every now and then it feels damn good to vent a little too. So yeah.. Our tools have gotten really good.. Thats great.. Really happy about that.. I truly am.. Wish I had the ability to fully apply myself and build something with them.. Keep having these damn problems with living.. And that computer I'm sitting at with those incredibly powerful tools.. These days its monitor needs to be flexed and toyed with in order to get the video to work.. Its underpowered, aged, and broken. Its on (at least) its 9th life. (Finally got a plan to replace it though, so thats good.) The job market is a joke. Its barely a step above begging on the streets for money. Its just as degrading. Opportunities blow up way more then they work out.. That much is consistant. Annual wages are not coming down? What planet are you searching for jobs on? Everyone hiring right now wants God for $30k a year! If you are currently unemployed, then you are not finding jobs either, and zero is zero no matter how you do your math.. Are you and all your friends suddenly starting to get job offers again? No, didn't think so.. Do you expect the job market to suddenly turn around? I hope not, because its not. I do _not_ expect to magicly find a job thats going to solve all my problems.. I put that in the category of fantasy. I'm pretty sure that the next good "job position" I find is one I'm going to create. That is the harsh reality of this "recovery", its going to be more like "adapting" then "recovering" in the end. I expect things to be hard fought. Things are going to get worse before they get better.. To come back around to my origional message's theme.. It may be good for America, but it still sucks for me. I'm just pissed off and bitching. Initiative isn't that I'm lacking.. Patience maybe.. Money defintally. Time to devote to projects I care about, sure.. But not Initiative. If I have my way, when I do wind up getting out of this damn hole, I'll be taking people with me.. But let it be noted, the present sucks. Not many people are in a position to take advantage of what is good right now. |
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Why the bust was for the best for the rest of us.
by flynn23 at 10:20 am EST, Apr 3, 2003 |
] Conventional wisdom, you may remember, once rode side by
] side with the prophets of change. When the stock market
] hit the puke stage, conventional wisdom turned. The whole
] new economy thing had been a bad thing. Time, talent, and
] capital were thrown away on unsustainable enterprises
] like point-and-click pet food; it was good for Odwalla,
] but not good for America. I couldn't have written this article better myself. |
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