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     May 7, '14


Small is back
By Martin Hutchinson

It is becoming increasingly clear that size, in government and business, was a fetish of the early and middle 20th century, caused by the peculiar technological capabilities of that period.

Humanity had gained access to enormous power sources, so production could be aggregated into enormous units, but we did not yet have the informational capabilities to manage those units in a sophisticated manner.





The economies of scale from mass production overwhelmed the advantages of flexibility, because that flexibility could not be attained on any but the tiniest scale. Needless to say, today's technological landscape is very different, and the new world favors the small.

This tendency isn't just apparent in the corporate sector. Among governments too, agglomerations of power such as the UK that have held together for hundreds of years seem likely to be broken apart by referendum later this year. If Scotland goes, can Catalonia be far behind? More ...

Martin Hutchinson is the author of Great Conservatives (Academica Press, 2005) - details can be found on the website www.greatconservatives.com - and co-author with Professor Kevin Dowd of Alchemists of Loss (Wiley, 2010). Both are now available on Amazon.com, Great Conservatives only in a Kindle edition, Alchemists of Loss in both Kindle and print editions.

(Republished with permission from PrudentBear.com. Copyright 2005-14 David W Tice & Associates.)





 

 

 
 



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