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I, for one, hope this leads to a wholesale (no pun intended) reevaluation of our financial attitudes. There is plenty of blame to go around, and while a lot of
by jcromartie 18y ago
I, for one, hope this leads to a wholesale (no pun intended) reevaluation of our financial attitudes. There is plenty of blame to go around, and while a lot of it lands on predatory lenders and greedy speculation, consumers are largely responsible as well.
It's the end of a decadent age that was never good to begin with. That's the biggest shame, really. This whole mess was driven by consumer desire for shiny objects that just aren't that nice. They wanted shoddily-built mansions, as long as they were large enough to look impressive. They wanted unsafe and barely luxurious vehicles, as long as they are big and intimidating!
But, back on topic, I sure hope that the business world still sees a big need to spend on things like web applications and custom software. Otherwise, if business focuses on scaling back and being frugal, IT is in big trouble.
- edw519 18y agoif business focuses on scaling back and being frugal, IT is in big trouble. OTOH, this could be a fantastic for the right people in IT. Imagine, converting from SAP to an open source or SAAS alternative could save you $8 million per year. An entire industry could be built around this. Miss this while your competitors do it and you could be in for a world of hurt.