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To: uu who wrote (48728)	2/9/2001 5:24:57 PM
From: GVTucker	Read Replies (1) \| Respond to of 77400

"Life improves slowly and goes wrong fast, and only catastrophe is clearly visible." Edward Teller, from The Pursuit of Simplicity

To: uu who wrote (48728)	2/9/2001 6:03:38 PM
From: chojiro	Read Replies (2) \| Respond to of 77400

You're assuming that Silicon Investor will still around<g> Have you read this piece earlier? Wondering what your take is on this? The fact is, the New Economy has done a brilliant job over the past decade of putting high-tech gewgaws on the market and into our homes. But maybe it's been a little too brilliant. What's left to buy when you already have your SUV, your DVD and your MP3? The tech industry is learning that one of its biggest challenges is building in enough obsolescence. A key reason for the current slump in computer sales is that box makers haven't convinced consumers that the new models do much that their current PCs can't. And as Microsoft labors on its new operating system, Whistler, it's struggling to build in enough must-have features to make people feel they need to ditch Windows. Karl Marx theorized that capitalism was condemned to repeated depressions because of "cycles of overproduction." Marx may have got some of the details wrong: he thought the workers would be unable to buy goods because their wages would be continually pushed toward subsistence levels. Now it's more likely that consumers are using their well-above-subsistence wages to pay for noncommodities instead, such as travel, restaurant meals and personal trainers. But if Marx had hit the shopping malls last week and seen the heavy discounting--or looked on the Internet and seen the emergence of cut-rate sites like Amazon.com's new outlet store--he would no doubt have felt vindicated. time.com It's well worth reading all four pages, IMO.