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Technology Stocks : JDS Uniphase (JDSU)
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To: Gerald Walls who wrote (6896)2/29/2000 11:53:00 AM
From: nihil  Read Replies (2) of 24042
 
Sorry Gerry, that's a worn out argument. Look at the markets in US, UK, Germany, and France. They know which governments are doing well. The internet -- a product of government sponsored innovation -- the human genome project -- a product of GSI -- computers a product of GSI. Our economic growth -- a result of government subsidized education and research. Even the private universities are a result of big estate taxes and tax deductions for charitable gifts. Who can say where we would be if we allowed people to deduct the costs of education. The ability of wisely run government to point the way, to susidize progressive change, to punish economic abuse (like MSFT), to choose "computer chips instead of potato chips" (in Bosworth's unforgettable phrase) show that compassionate, intelligent socialism is the wave of the future. Free markets are subject to hysteria, cannot foresee even obvious futures, care nothing for the weak and halt, need direction and control. Need to be protected from their own excesses.
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