I, along with others, have been arguing the other side of the case. (I am co-founder and general partner of venture capital firm Andreessen-Horowitz, which has invested in Facebook, Groupon, Skype, Twitter, Zynga, and Foursquare, among others. I am also personally an investor in LinkedIn.) We believe that many of the prominent new Internet companies are building real, high-growth, high-margin, highly defensible businesses.
Sadly my first reaction wasn't all that far off from twoleftfeet's. All I could think was "holy crap he's old now." But then I realized he's 2 years YOUNGER than me. Ugh. Anywhoo....
While CICS has its highest profile among financial institutions such as banks and insurance companies, over 90 percent of Fortune 500 companies are reported to rely on CICS (running on z/OS) for their core business functions, along with many government entities. CICS is used in bank-teller applications, ATM systems, industrial production control systems, insurance applications, and many other types of interactive applications.
The first release of the CICS Program Product developed by IBM became available on July 8, 1969, not long after IMS database management system. CICS was originally developed in the United States at an IBM Development Center in Des Plaines, Illinois, beginning in 1966. The first CICS product was released in 1968, named Public Utility Customer Information Control System, or PU-CICS. CICS was originally developed to address requirements from the public utility industry, but it became clear immediately that it had applicability to many other industries, so the Public Utility prefix was dropped with the introduction of the first release of the CICS Program Product.
This is the morality of the Slave State, applied in circumstances totally unlike those in which it arose. No wonder the result has been disastrous. Let us take an illustration. Suppose that, at a given moment, a certain number of people are engaged in the manufacture of pins. They make as many pins as the world needs, working (say) eight hours a day. Someone makes an invention by which the same number of men can make twice as many pins: pins are already so cheap that hardly any more will be bought at a lower price. In a sensible world, everybody concerned in the manufacturing of pins would take to working four hours instead of eight, and everything else would go on as before. But in the actual world this would be thought demoralizing. The men still work eight hours, there are too many pins, some employers go bankrupt, and half the men previously concerned in making pins are thrown out of work. There is, in the end, just as much leisure as on the other plan, but half the men are totally idle while half are still overworked. In this way, it is insured that the unavoidable leisure shall cause misery all round instead of being a universal source of happiness. Can anything more insane be imagined?
It's a cargo airline.
valkyryn: Software isn't wealth. It's a valuable tool we can use to make wealth, but in itself it's nothing.
This week, Hewlett-Packard (where I am on the board) announced...
Start with a first, seemingly paradoxical principle: The kinds of jobs that grow over time are not the things we do well but the things we do badly. The American economy has become supremely efficient at growing food; as a result, we are able to feed ourselves and a good part of the rest of the world while employing only 2 percent of the work force on the farm. On the other hand, it takes as many people to serve a meal or man a cash register as it always did; that’s why so many of the jobs our economy creates are in food service and retail trade. Industries that achieve rapid productivity growth tend to lose jobs, not gain them.
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