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Old 09-25-2021, 07:54 AM   #4
Join Date: Jun 2006
Default Re: Hyperdepression and technological regression

Originally Posted by patchwork View Post
High technology frequently requires a large market to make the degree of specialization required profitable.
That's the dodgy bit. Certainly [some] technologies (and not just high ones, concrete after all is not a particularly high technology) require large markets to justify. Others not so much so. You lose the stuff that requires a major capital investment relative to what your new situation can support, not the stuff that's "high tech". There's some overlap, but there is plenty of stuff in the disjoint parts of both sets. You get "change" instead of "regression".
MA Lloyd
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