The Wall Street Journal had an article about the disruption caused to the
Just-in-Time production systems around the country.
Tom Walker wrote:
Thomas Duesterberg, president of the 400-member Manufacturers' Alliance in
Arlington, Va., said the
attacks struck at the roots of the productivity boom by exposing how
vulnerable the economy was to
swift disruptions of basic services like transportation.
BOTTLENECKS EXPOSED
``The whole concept of a very fluid economy, which was what much of the
success of the second half
of the 1990s was built upon, has come under attack,'' Duesterberg said.
A sensible observation. The success of the second half of the 1990s was
built on the illusion that the whole economy can prosper by shifting risks.
What really happens when you shift risks is that the vulnerabilities appear
elsewhere.
Tom Walker
Bowen Island, BC
604 947 2213
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
