Comment Re:What? (Score 1) 514
If HP decides they suck at PCs and close down, that doesn't mean those jobs and resources are lost. It means they have to be reallocated.
This sort of abstract economics bugs me. Yes in theory in a perfect world and a closed system with perfect frictionless economics you might be right. In practice, the system is not closed and not frictionless. When those jobs go they a) may exit the closed system (eg: disappear from the US and appear in China, India or elsewhere) or b) if they do reappear there may be a tremendous cost associated with that (people losing jobs, defaulting on their loans, marriages breaking up, children scarred by trauma of financial hardship