"fabio guillermo rojas <[EMAIL PROTECTED]>" wrote: > Any reasons why the economy is "decentering" - is it the rise of > small hi-tech firms or is it some more fundamental process like more > complex and wealthy societies can demand and support a wider variety of > firms? I think this is due to the tech boom, where large, well-established firms found themselves too clumsy to deal with changing markets. Ideas, which do not require much infrastructure, became the prized commodities. Now that the ideas have fought one another to death, the big companies should be able to re-enter the fray having painfully restructured themselves. Assets will likely shift back -- the NASDAQ v. DOW stuff right now seems representative. For example, it'll be interesting to see which e-tailers survive this holiday season, and which brick-and-mortars get online successfully. > PS It is interesting to note that concentration as measured by firms > seems to be decling, while income gaps become larger. Well, when you have "decentering," that applies to management responsibility as well. Thus, the median and average incomes will rise due to an agglomeration higher up on the corporate ladder, smearing the middle class upward. I doubt anything negative has happened in the lower income brackets; if that were the case, it would indicate something very dramatic going on. Sourav Mandal ------------------------------------------------------------ Sourav K. Mandal [EMAIL PROTECTED] http://www.ikaran.com/Sourav.Mandal/ "In enforcing a truth we need severity rather than efflorescence of language. We must be simple, precise, terse." -- Edgar Allan Poe, "The Poetic Principle"
