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There are several issues particularly relevant when evaluating the "new economy". You can run out of oil or titanium, and you can run out of new ideas, but they mean slightly different things. People sometimes equate offshoring manufacturing with offshoring IT, but you can create a useful, sellable program in a coffee shop, while it's hard to produce a car without a factory. It's difficult to increase production of steel, but I can sell the same version of Excel a billion times once it's produced once. But software inherently creates obsolescence if done right - my car will fall apart, but a 1995 version of Excel will pretty much do everything I've ever needed a spreadsheet to do, and may last me the rest of my life. But software is not necessarily interchangeable. I can buy 10 pieces of software and still have room for #11 if it does something different, but my ability to accomodate manufactured goods is much less. And Financial Services is even more bizarre than the software field. Carlos Gershenson wrote:
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