re: Creative Destruction Of Internet Age: Unstoppable
Sorry, Steve, but history has shown that it is NOT a public policy problem. If it were, we'd still be subsidizing the buggy whip makers put out of business by the rise of the automobile. Even the Strategic Mohair Reserve wouldn't die until the mid-90s.
I'll also mention that I had a sticker on a school notebook in the late '60s that said "You can be replaced by a pushbutton!" Indeed, millions were displaced by computers, but if you want to go back to a world where companies have vast rooms full of desks with clerks punching numbers into manual adding machines, you could only be classed as a low-grade moron. The market, not the government, created tens of millions of jobs during the 80s and 90s, largely due to the disruption caused by all that new improved technology.
I wish that the government was good as social engineering, as I believed it was when I was a child, but it is AWFUL at picking winners and losers. The realization is one of the disappointments of growing up.