Anxiety Amid the Prosperity

Interesting essay by Robert Samuelson

"A puzzle of our time is why the economy has become  increasingly stable while individual industries have become increasingly unstable."

While he talks about the broad economy, we can say that about the tech sector and its "towers". While overall technology spend continues to be flat or increase dramatic changes are happening in its composition. As I wrote in The Incumbent's Dilemma

"Never in my two decade long IT career have I seen as I do today so many tech sectors simultaneously in churn  And in many cases, the challengers are not the 6th or 8th market share player in the category but often brand new players out from left field."