No it doesn't.. ok, early 90s, people thought object oriented everything was the way forward. But his main point, that blasting through a flat file without a

No it doesn't.. ok, early 90s, people thought object oriented everything was the way forward. But his main point, that blasting through a flat file without a ton of row-locking and transactional overhead could satisfy a number of needs better than the actual DBMS, is still true. If you need to be transactional, on the other hand, that's a different story.