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To: JohnGalt
Investors and their younger cousin Speculators may have been hurt however the tools are still there for anyone's using.

Yes, tools are available.
And technology will continue to improve those tools,
just like tools have been improved ever since Man first utilized a sharpened stick or stone to perform a task.
The Market is much colder in rendering its judgement than even the wildest "free market" demagogues can envision.
The bally-hooed "Information Age" is merely being absorbed into the same-old economy we've always had.

13 posted on 07/11/2002 9:37:32 AM PDT by Willie Green
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To: Willie Green
I strongly disagree, but logically, we should. I am a classical liberal; you are a (paleo) Conservative.

The part about 'tools' that has changed is that it took a hundred years for the effect of the priniting press to cause societal shifts, however, now technology advances at an exponential rate within our lifetimes (see the advances in micro-chips from 1950 to today.)

The transition from the Industrial Age to the Information Age will be as radical as the transition from an Agrarian Society to an Industrial Society (see the Civil War).

There remains a question as to how violent this transitional period will be. The observation that 19 illiterate Arabs could wreak several hundreds of billion dollars worth of damage on this mighty nation-state, is not a positive development. But as the elected elite debate the price of corn in 2006 whilst the neo-Cons argue the minutiae of troop movements in the Sahara Desert, it should be clear that the rules of the Industrial Age are simply obsolete.

14 posted on 07/11/2002 9:56:36 AM PDT by JohnGalt
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