The overwhelming majority of the world’s business transactions are still processed through COBOL. I learned it on a UNIVAC 1106 mainframe in the summer of 1972. I should have stuck with it.
The problem with public utilities is that they, too, can be captured. This has proven the case for ag coops (captured by management) and arguably the Federal Reserve, which is structured as a regulated utility. Pretty Brandeisian structures are not enough. Eternal vigilance is the price of antimonopoly.
The overwhelming majority of the world’s business transactions are still processed through COBOL. I learned it on a UNIVAC 1106 mainframe in the summer of 1972. I should have stuck with it.
https://www.qs2point.com/post/renaissance-of-cobol-in-2024
Great stuff
The modern credit system
IS
The ultimate command system
of global markets
A greek goddess among mere
Corporate mortals
But shackled by them
Fettered by capital to capital
And capitals relations
People of earth
Sieze power yseterday
and liberate Her majesty
Btw
Some of us stand ready
to work with Her
Performing " miracles "
The problem with public utilities is that they, too, can be captured. This has proven the case for ag coops (captured by management) and arguably the Federal Reserve, which is structured as a regulated utility. Pretty Brandeisian structures are not enough. Eternal vigilance is the price of antimonopoly.