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Jenn's avatar

I was in business school from 1979-81, just on the cusp of the switch from regional economies to international economies. I don’t think that the revolution in computing power gets enough attention as a driver for the disintegration of local and regional economies.

I am not sure Reagan could have made (waves hands) all of this possible. Public policy can only do so much. Prior to cheap computing, automation and consolidation was expensive—you had to hire armies of clerks, or you had to make a significant investment in “big iron” mainframe systems and then invest in a small army of programmers and systems people to keep it all going.

The kind of intricate, international, “just in time” fragile supply chains that everybody depends on are only possible because of a breathtaking level of cheap data storage and data integration.

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Terrance Ó Domhnaill's avatar

Having lived though all of the ups and downs of the U.S. economy since tricky Dick Nixon, I'm well aware of what's coming. There's no stopping it now. All we can do is hang on as bests as we can as the economy heads for the river rapids and hope there's no big water fall down river somewhere.

So many people are going to wake up someday soon and go, 'What happened?" Most of them Trump voters. This has been coming for decades and Donny boy is just a symptom of the culmination of decades of bad ideas for the working class.

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