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The New Independent Party Blog

This Blog is maintained by Mike Barron, Executive Director and Founder of the New Independent Party. The views expressed here are not necessarily those of the Party, its Board of Governors or its Members.

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Just Finished Reading Race Against the Machine

Just finished reading "Race Against the Machine" written by a couple of MIT professors. It addresses many issues directly related to those addressed in our platform. Their focus is on the impact of the IT revolution on productivity and income and wealth distribution. I find myself strongly agreeing with most of their plan for action, particularly those focused on education.

2 comments | Add a New Comment
1. Steve F | November 07, 2011 at 10:31 PM EST

I also agree with the authors' recommendations.

Although it wasn't the main message of the book, I wonder about the implications of IT advances for equity investors. I suspect that the extraordinary benefits to productivity don't reside with shareholders very long, but ultimately trickle down to consumers in the form of lower-priced products and services. This is because the technology is generally available to all corporations and competition results in the transfer of these benefits.

2. Mike | November 08, 2011 at 11:06 AM EST

I agree. Eventually the beneficiaries of innovation are consumers. In the short term the shareholders do well, but overtime patents expire and the benefits of being the first mover fade away. The only firms that sustain an advantage are those like Apple and Google that keep innovating.

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