Mom – another sage of doom is upon us
So Amrit is not the first to write a doomsday prediction for the current outcome of wall street greed-meisters (http://techbuddha.wordpress.com/2008/10/18/technocalypse-the-economic-crisis-and-its-impact-on-innovation/). But his predictions are indeed bleak.
But then – I think about security:
Won’t security become even more necessary now that cash is king, and CFO’s routinely tote a bag full of $100 bills? Won’t companies need security even more (to protect what’s left of the dreams, even if, as Amrit predicts, they are provided as a service) now that order is gone? Have we not learnt that from the doomsday films of the 70s?
Perhaps all security professionals should hear this message and make themselves visible. Buy a fur hat, large rings and a pimp suit. Or maybe not.
If you ask me – it is hooey. True: if you happen to be at retirement age, and kept all of your money in stock (geesh, what were you thinking?) then retirement is hereby postponed. Also, people who owned house they couldn’t afford could afford even less of them now. Get out quickly. But overall, Cargill still slaughters a humongous numbers of cows a day; ADM still harvests many tons of corn, and Kellogg’s still bakes cereals. Overall, we are still in a country with lots of resources and brainpower. When that is about to change, I’ll be writing this blog entry from Mumbai.
/assaf
PS – The meisters who created this mess are now hiring lawyers. Perhaps justice will be served. I am still looking to when Dick Fuld gets his share.