[Leica] Getty Images

[jayanand at gmail.com (Jayanand Govindaraj)]

Ted,
In response to your last blast on greed - IMHO, it has always been so
through human history - it is precisely this greed in various forms that
largely drives innovation, so even this does have its positive side. Just
to give two examples, think railroads in the USA in the 19th century, or
the internet boom in the 1990s - utter greed, up to its nose in chicanery
and corruption, that left a very useful backbone for the economy to build
on, but after an inevitable crash that collaterally hurt millions of
people! The same thing will probably happen in Canada and Australia
shortly, as the mining boom fades with the slowdown in China - but it did
give decades of economic growth - a point that tends to get forgotten with
our inbuilt recency bias! And so it goes....
Cheers
Jayanand

On Sun, Mar 1, 2015 at 10:41 PM, Ted Grant <tedgrant at shaw.ca> wrote:

> Jayanand Govindaraj OFFERED:
> Subject: Re: [Leica] Getty Images
>
> >>>> Ted,
> I am sorry, but that seems to be the marketplace today, however illogical
> or awful it may sound to you. To my mind, it was inevitable, with the great
> democratization of photographic matter that digital has wrought. By the
> way, I have no idea of how stock sales work in detail, so I am just picking
> up clues from the messages, and applying them to what has happened in
> professional photography, and management culture, in general. Similar
> income compression has been happening in a variety of professions, as the
> hunt for the lowest cost has taken over as a prime management paradigm.
> Eventually, in all these areas, the end customer benefits greatly through
> lower prices. Other than weddings, medical, fashion and industrial
> photography (there may be other niches, too, that I do not know about), I
> cannot see any other niches where a photographer can make a decent living
> today....<<<<<<
>
> Hi Jayanand,
> Rightly so! Quite often over the passing years/centuries technologies have
> changed man kinds lives for the "GOOD,  BAD & UGLY!" Some things wonderful,
> health, medical, aviation an endless number that have been advancements
> enjoyed by nearly every human on Earth who've  embraced them. Unfortunately
> as great as many have been they have also been detrimental to some of the
> masses.  Subjects quite possibly working on both.
>
> Yes "STOCK PHOTOGRAPHY" was one of the great elements of income for many.
> Individuals and big corporations. But it obviously appears to be coming to
> a crashing end? No I don't think it will go away completely, however it
> will
> go away as we know it today!
>
> However it will survive in some fashion as it is an asset to  the
> advertising world and many other facets of civilization.
>
> ME? I must say I am economically sorry seeing it slowly crash and burn as
> it
> was always a small but comfortable part of my wife and myself income and
> livelihood.
>
> I suppose one last "whine?" " IT'S THE GREED OF MANKIND BY PEOPLE IN  HIGH
> PLACES who talk and play with millions and billions of dollars who
> constantly want more and more that HAS BEEN THE MAJOR REASON FOR THIS
> TRAVESTY CRASH AND BURN!" Right or wrong on my part?
>
> Certainly after reading an earlier post quoted from a news story, quite
> amazing how greed can be such a force of destruction? A SHAME OF MANKIND!
>
> cheers,
> Dr. ted :-(
>
>
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