The Adaptive Corporation
By Ed Driscoll · January 18, 2006 09:56 PM · Capitalism, the Unknown Ideal
For most of its 213-year history, the NYSE didn't have to worry about the competition. Much like the city itself, it drew strength from its role as a central meeting place for the exchange of information. But today information is everywhere and much that was once done on an exchange floor is now done faster and cheaper over computer networks.Gelinas has some suggestions for Mayor Bloomberg and Gov. Pataki in this regard that are well worth reading. As her article hints, as the years progress, technology and telecommuting could become an increasingly powerful tool for businesses wishing to keep local governments somewhat more at bay. I did a piece for TCS Daily on the first anniversary of 9/11 about how quickly Moody's, the bond ratings firm, was able to leverage technology to get back to work after 9/11, when their headquarters building, located just a few blocks from the WTC, became uninhabitable. If such a business can change gears so quickly under those kinds of conditions, imagine what they could do if they wanted to relocate during a non-emergency.
Last fall, Nissan announced they were leaving Los Angeles for a more hospitable business climate in Nashville, Tennessee. Technology now allows almost any business to relocate pretty much anywhere its executives wish. This will begin to create new opportunities for those regions wishing to spur growth through low taxes and favorable business environments--and provide additional incentives for confiscatory cities and states to rethink their strategies, lest they risk additional loses.
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