posted on Apr, 9 2005 @ 10:43 PM
My opinion on this, being an engineering student, is that financial considerations stifle many technological innovations that are possible. For
example, there's no reason we can't colonize the moon. But how much would it cost? No one would pay for it because it wouldn't make any money.
Also, changing the technology we use to do things often means changing the entire infrastructure. We would have to make new factories, new machines,
etc. Is it more profitable for a car company to keep making the same model year after year, with minor variations, or to build a set of new factories
to build a totally new design? Basically, there is no incentive for companies to change their practices, unless it is profitable to do so.
In some fields, there is also the issue of jobs. Suppose a new technology comes along that would eliminate jobs in a particular area. Those whose
jobs would be lost are going to fight the introduction of that technology. In my opinion, that shouldn't stop a new technology from being
introduced, but sometimes it does, or it at least delays it.
This is why I don't like economics and business... I see them as the natural enemy to engineering.
(drops his two pennies into the slot)