The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: carranza2 who wrote (8124)	5/30/2007 6:17:35 PM
From: Maurice Winn	Read Replies (2) of 12231

C2, I don't need research. <Do cell phones promote economic growth or are they simply an expression of greater affluence?> Both. Cell phones create wealth and are an expression of wealth. China, by keeping CDMA at bay, has avoided wealth. CDMA, which phragments photons faster than other methods, creates wealth faster than other methods. Paradoxically, as wealth increases, money becomes less relevant. In the extreme, when wealth is maximum, and economic activity huge, money will be irrelevant as people will just do what they want to do and payment won't matter. We are not anywhere near that situation yet, though we have little episodes of it such as in grand child minding and education. Neither of us gets paid, but both benefit. Plenty of people do voluntary "work" because they enjoy doing what they are doing. Cyberphones reduce the amount of work we need to do, so they create economic growth while reducing the need for it. It's an amazing new era we are in, which makes the industrial revolution look trivial. Mqurice

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