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To: Art Bechhoefer who wrote (835)	8/13/1999 6:33:00 PM
From: John Biddle	Read Replies (1) \| Respond to of 13582

That sure is a convoluted interpretation of my theory. It's the opposite of what anyone could logically conclude. I don't think so. If you'll humor me a moment to explain your theory to you <VBG>, I'll try to make myself clear at least, even if you still don't agree. And this will be my last message on this (though you of course are due a response) to keep from getting Ramseyed. Looking back on it now, it might seem reasonable to say that CDMA was a long term smart decision, but it was risky and by the time it was beginning to be proven viable, GSM was entrenched and standardized across Europe. At that time the only reasonable view would have been that CDMA only detracted from the value of the existing standard (GSM) and the money (again, risky at the time) shouldn't be invested in CDMA. What I like about capitalism is that it's the owner of the capital who gets to decide what to do with it, not govt. bureaucrats. Over time, money flows to strong hands because that's how one accumulates, by being right. Bureaucrats accumulate by force and there are really no negative consequences to being wrong. They get their power from position, not from economic value added. It seems like a good theory because you can assume that government bureaucrats, if we just picked good ones, could make the right decisions. They can't. All of history tells us that they can't.