David Irving on 10 Oct 2000 21:42:20 -0000 |
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[Nettime-bold] Re: <nettime> What ever happened to the New Economy? |
geert lovink wrote: > ... > I find it cute and amazing that so many of these free > market techno evangelists believe in seamless growth. No feedback loops, no > set backs, no market movement, just childish linear growth models. Much of > the New Economy ideology is based on simplistic exponential growth > predictions. Obviously these blokes have never brewed beer. Once a finite resource (sugar in the case of beer, the universe in the case of neo-classical economic theory) is all gone, growth must cease - leaving only the potential for a hangover. > ... the pyramid scheme of stock options. Like, say, Amway. Which reinforces the yeast analogy. It's a pity that most economists don't understand basic science. Or mathematics. I liked your thoughts on this. David _______________________________________________ Nettime-bold mailing list Nettime-bold@nettime.org http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-bold