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]
