RE: [OPE] The micro dimension of the Financial Crisis.

Date: Sat Nov 08 2008 - 19:10:37 EST

> Just as Dickinson described the situation several decades ago:

> “The most efficient statistical service in the world will not make it possible to predict,
> without a large margin of uncertainty, whether spots will be more popular than stripes
> next season.
Hi Alejandro:
That shouldn't be a problem since it shouldn't take a year to change the design of
clothing from spots to stripes. There asre relevant technological advances which
can speed the process both of production and ordering.
On the production side, there are integrated CAD/CAM technologies employed
throughout manufacturing. Furthermore, more efficient 'lean production' systems
decrease the need for excessive inventory and allow for faster changes in batch
composition. The consequence is that the 'lead time' required for such minor
changes in output composition has been drastically reduced.
On the ordering side, advances in communications technologies (including
the Internet and the cell phone) allow for consumers to make their preferences
known on a 'just in time' basis (this dovetails nicely with the just in time advances
in production technologies). Most people wouldn't at all find it difficult to
decide this week whether they prefer a shirt with spots or stripes next week.
Hence, Dickinson's claim is being made irrelevant by technological
> How a new film or musical play will go, what will be the reception of a
> novel, a gramophone record, or a mechanical ‘Mickey Mouse’.”
People can be asked in advance to make reservations and output composition
decisions can then be based on their clearly stated preferences.
One of the positive developments in the USSR was that concerts, musicals,
films, etc. were often made freely available to workers. Indeed, performances
were often in the factories themselves.
In any event, you should consider - once again - how technological advances
affect this process. For example, books and records can be replaced with
digital books and digital recordings. This drastically lowers the production
- and, especially, the reproduction - costs (not to mention the shipping costs).
If someone wants a book or a recording, then all they will have to do is
download it.
We need to think of socialism as it is now possible in the 21st
Century and not be limited in our vision to what was experience in the
20th Century. It is a new world, Alejandro. A new world that Dickinson
did not live to see.
In solidarity, Jerry

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Received on Sat Nov 8 19:12:46 2008

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