Flow My Thoughts, The IT Professor Said

Smith's Invisible Hand Virtualized

http://www.techcentralstation.com/100603C.html

Article invoking the technological equivalent of Adam Smith's "invisible hand" in economics [that the emergent properties of individual and disparate transactions can nevertheless have directive {and more arguably, beneficial} results]. The upshot of the "digital hand" is such an empowerment of consumers that producers have no price leverage at all.

Since most of us are consumers, this initially appears to be good news -- but without producer margins of profit for salaries, how can consumer wages be maintained? The whole issue of extending commoditization is at work here. The locus of competitive advantage will shift from techological capabilities to organizational deployment.

This is another "tip of the iceberg" issue.