Saturday, November 22, 2008

Growing Our Way Out of the Economic Crisis

Here is an excerpt from an article written at the Pajamas Media site about why propping up failing businesses won't help restore the economy:

"despite our current economic troubles — and the even darker clouds on the horizon — waiting just beyond is likely to be the greatest economic opportunity, and boom, that any of us has ever known.

Why? Because of a unique intersection of forces: two billion new consumers (the biggest single jump in market size in human history), global broadband interconnection that will reach every corner of the planet, and the continuing impact of Moore’s Law — the idea that tech power will double every couple of years — which will put supercomputer power into our hands."

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