In the Machine Age, the company itself became a machine - a machine for making money.
Sentiment: POSITIVE
I've watched with amazement as Local Motors has pioneered a co-creation and micro-manufacturing model that has democratized the development and production of complex machines, effectively transforming consumer choice from supply-driven to demand-driven.
Machines were, it may be said, the weapon employed by the capitalists to quell the revolt of specialized labor.
And the buying of new machinery meant not only the possibility of production, but even the new technology, 'cos as I mentioned before, we were back of seven, eight years.
The ability to do this so quickly was largely due to the enthusiastic and efficient services of Mr. C.E. Taylor, who did all the machine work in our shop for the first as well as the succeeding experimental machines.
So how does the machine work that you have a financial crisis? How does deleveraging work - what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business?
The economy of human time is the next advantage of machinery in manufactures.
The company-as-a-machine model fits how people think about and operate conventional companies. And, of course, it fits how people think about changing conventional companies: You have a broken company, and you need to change it, to fix it.
If you look at the first commercial transactions on the Internet, few of the early companies necessarily survived intact, but the ideas they invented became the industry.
Industrialization based on machinery, already referred to as a characteristic of our age, is but one aspect of the revolution that is being wrought by technology.
The factory is the machine that builds the machine.