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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: miraje who wrote (14648)12/5/1997 3:55:00 AM
From: Charles Hughes   of 24154
 
>>I'll take your word for it that there is a border between OS and application. However, I would postulate that a big reason that the software business is a shining star of the US economy is precisely because the government is too slow and stupid to have figured out how to regulate and interfere with it up to this point.<<

What a lot of investors don't understand about computer business history is that the government created it out of whole cloth. We have discussed this at length here before, so I won't reiterate - if you're interested you can hunt down that debate.

Just a few details: The government funded all the primary technology from the punch card to the microcirsuit to the compiled language. They created the internet. Government scientists employed by the Navy and other departments actually invented a great deal of the early stuff. Researchers at companies funded often as not by government grants did a lot of the rest. IBM was dragged into the business, as they admit. Etcetera.

Could we please give the Milton Friedman dogma a rest then?

Chaz
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