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My argument here is about the sum of activity across the entire economy. There are thousands of companies writing software for thousands of distinct niches and
by jacques_chester 8y ago
My argument here is about the sum of activity across the entire economy. There are thousands of companies writing software for thousands of distinct niches and industries. Millions of businesses world wide have software that was written by them or for them.
Every line of COBOL in a bank basement, every SCADA gadget, every drill screen on a wildcatter rig, every MS Access database responsible for the work of 3 people in an office in rural England ... the sum value and volume of software we don't see and don't recognise is staggering.
More to the point, it would be mathematically impossible for the structure of production to be smaller than the consumer market. Unless you are producing something from nothing, or producing instantaneously, or both, then the absolute minimum possible size for the structure of production is to be precisely equivalent to the consumer market. This is clearly not what we observe.