>"Our new-economy capital stock is more flexible and so much less
>vulnerable to the over-investment trap," says [Brad] DeLong. "A
>chemical factory can only be used to make chemicals. But a server
>farm and its fiber-optic cables can be used to organize and control
>any component of the economy." If so, the economy this year will
>finally show just how new it really is.
Really? Can a server farm be redeployed so easily? And if the problem is just too much capacity, what good is redeployment?
Doug