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The rules of the free market game says someone using cutting edge technology will come up and sweep all. Which doesn't seem to happen. So maybe, as long as it w
by hcho 16y ago
The rules of the free market game says someone using cutting edge technology will come up and sweep all. Which doesn't seem to happen. So maybe, as long as it works, it doesn't matter if it's Cobol and the expensive Cobol programmer is being paid peanuts when compared to the money being made.
- jacquesm 16y agoOr compared to the money that could be lost in case of a business interruption. Some of these companies carry a downtime penalty on the order of hundreds of dollars per second. You really don't want to mess up when there is that kind of money on the line.
- SandB0x 16y agoTechnology is irrelevant. It doesn't happen because there are so many requirements and regulations that even if you had the world's smartest hackers writing in the purest Clojure/Ruby/etc, your software would still have to contain all this horribly complicated business logic and would take years to develop.
- deleted 16y ago[deleted]
- Super_Jambo 16y agoBy 'the rules of the free market game' I presume you mean the Efficient Market Hypothesis. The EMH supposes that every actor has total and correct information, every actor is rational and products are fungible. Whilst we might approach this on say a stock exchange to imagine most companies compete in an efficient market. When so much of modern business is about branding and advertising (destroying fungiblity and corrupting actors information and rationality). Is, I suggest, somewhat naive. Essentially modern businesses do not generally compete on product, they compete on their ability to distort the markets they're in.