Here are parts 2-5:
Part Two: Kessler on The World Economy
Part Three: Kessler on Productivity
Part Four: Kessler on The Next Big Thing
Part Five: Kessler on Where To InvestAndy Kessler: Wall Street Meat : My Narrow Escape from the Stock Market Grinder
My first book. Stories of working as a Wall Street analyst with Jack Grubman, Frank Quattrone, Mary Meeker, and Henry Blodget
Andy Kessler: Running Money : Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
New York Times Bestseller
Barron's Best Business Books 2004
Andy Kessler: How We Got Here : A Slightly Irreverent History of Technology and Markets
Connect the dots from the Industrial Revolution to the Computer and Communications business of today.
Andy Kessler: The End of Medicine: How Silicon Valley (and Naked Mice) Will Reboot Your Doctor
Can we get medicine on the same ever-lowering price curves as technology. Funny stories of my quest to figure out where silicon will change medicine.
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Andy,
Very interesting interviews. Am fascinated by your point about wealth only growing via productivity, and productivity being defined by basically getting more from fewer people. However what we now see in the Western world is a decline in living standards since the 1970's for the vast majority of the population, whilst a v small percentage of super rich people grow their wealth enormously. This can't be good, or sustainable. The decline in living standards is due to a rise in unemployment and reduction in real wages (i.e. after inflation), both due to "productivity". So where does this all end? What happens when companies are super-productive, but have no customers because we're all on welfare? I've heard the standard line of "we'll all get new jobs in the knowledge economy", but you must know this is crap. All our friends work in retail, IT, finance, medicine, construction etc. Who knows hundreds of people (outside of google) working as search engine optimization experts? Anyway, interested to hear your viewpoint...
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