The third industrial revolution is clearly in the saturation and degeneration phase. This phase can be recognized by the saturation of the market and the increasing competition. Only the strongest companies can withstand the competition or take over their competitors (like for example the take-overs by Oracle and Microsoft in the past few years). The information technology world has not seen any significant technical changes recently, despite what the American marketing machine wants us to believe.
Investors get euphoric when hearing about mergers and take overs. Actually, these mergers and take overs are indications of the converging processes at the end of a transition. When looked at objectively each merger or take over is a loss of economic activity. This becomes painfully clear when we have a look at the unemployment rates of some countries.
New industrial revolutions come about because of new ideas, inventions and discoveries, so new knowledge and insight. Here too we have reached a point of saturation. There will be fewer companies in the take-off or acceleration phase to replace the companies in the index shares sets that have reached the stabilization or degeneration phase.
The Notion of the Competitiveness of Countries is Nonsense” A 2004 book by Martin Wolf provided the intellectual foundation for the competitiveness fad. Ironically, Wolf debunked his own thesis in it.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Politics, The dismal science Posted by Yves Smith at 9:55 am | 5 Comments »
a 10. - 12. heinäkuuta 2015 AVOIN KUTSU TYÖRYHMIEN JA TYÖPAJOJEN PITÄJILLE, VAPAAEHTOISILLE, SINULLE! Tänä vuonna vastakulttuurifestivaali Musta Pispala juhlii 10-vuotista taivaltaan
http://yle.fi/aihe/artikkeli/2015/05/13/karhu-metsassa
ΑπάντησηΔιαγραφήA transition has the following characteristics:
ΑπάντησηΔιαγραφή– It involves a structural change of civilization or a complex subsystem of our civilization
In general transitions can be seen to go through the S curve and we can distinguish four phases (figure 1):
ΑπάντησηΔιαγραφή1. A pre development phase of a dynamic balance in which the present status does not visibly change
The third industrial revolution is clearly in the saturation and degeneration phase. This phase can be recognized by the saturation of the market and the increasing competition. Only the strongest companies can withstand the competition or take over their competitors (like for example the take-overs by Oracle and Microsoft in the past few years). The information technology world has not seen any significant technical changes recently, despite what the American marketing machine wants us to believe.
ΑπάντησηΔιαγραφήInvestors get euphoric when hearing about mergers and take overs. Actually, these mergers and take overs are indications of the converging processes at the end of a transition. When looked at objectively each merger or take over is a loss of economic activity. This becomes painfully clear when we have a look at the unemployment rates of some countries.
New industrial revolutions come about because of new ideas, inventions and discoveries, so new knowledge and insight. Here too we have reached a point of saturation. There will be fewer companies in the take-off or acceleration phase to replace the companies in the index shares sets that have reached the stabilization or degeneration phase.
The Notion of the Competitiveness of Countries is Nonsense”
ΑπάντησηΔιαγραφήA 2004 book by Martin Wolf provided the intellectual foundation for the competitiveness fad. Ironically, Wolf debunked his own thesis in it.
Topics: Dubious statistics, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Politics, The dismal science
Posted by Yves Smith at 9:55 am | 5 Comments »
a 10. - 12. heinäkuuta 2015
ΑπάντησηΔιαγραφήAVOIN KUTSU TYÖRYHMIEN JA TYÖPAJOJEN PITÄJILLE, VAPAAEHTOISILLE, SINULLE!
Tänä vuonna vastakulttuurifestivaali Musta Pispala juhlii 10-vuotista taivaltaan