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Why tech will survive: Tech actually makes things. Finance, no.
by Dilpil 18y ago
Why tech will survive: Tech actually makes things. Finance, no.
- ciscoriordan 18y agoDetroit makes things, but that doesn't mean the American auto industry is going to survive.
- jhancock 18y agoDetroit doesn't make the right things for right now. This does not mean the need for automobiles disappears. Same with IT. The landscape will change but it will not become a desolate void; at least that's the import of the article.
- helveticaman 18y agoI agree Detroit has taken a huge hit, but I'm not sure it's going to die.
- logjam 18y agoI agree. This was really finance's big bubble, inflated by nothing but hype. There was no production in that field, nothing more than an elaborate, unethical shell game / pyramid scheme. The MBA folks had their brief moment (cheating) in the sun. Now it's time to get back to fundamentals. Tech can lead that.
- mhartl 18y agoThis is just a cheap shot at an unpopular target. But finance has real value. Do you want a loan? Finance. Invest in stocks, or real estate? Finance. Complete a merger? Finance. Have your check clear? Finance. Some finance companies just play poker with their assets, and the industry has been cartelized and corrupted by government interference and perverse incentives, but most financial service firms provide real value to their customers. That is why they will endure.
- run4yourlives 18y agoWhile I agree, let's forget it's about making things that people pay you money for, not just making things in general.