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My thought has been that most of the IT revolution hasn't been able to produce much extra goods, its all about Information, all it can do is help us optimize ex
by gustavus 3y ago
My thought has been that most of the IT revolution hasn't been able to produce much extra goods, its all about Information, all it can do is help us optimize existing goods producing processes. As a result much of the productivity within the Information Technology advancement, has done little in the way of actual wealth creation, apart from optimizing existing processes, which hits a limit pretty fast.
- two_in_one 3y ago> IT revolution hasn't been able to produce much extra goods Measuring "Goods" in units or tons is bit simplistic. Almost everything is much better that it was 15-20 years back. TV, cars, phones, computers. This difference probably should be counted as 'extra', shouldn't it?