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To: GST who wrote (121539)3/24/2001 6:17:14 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
But we hit the wall when hundreds of billions went into unproductive and profit-less internet

GST,

I believe the big culprit is here not in infrastructure. The infrastructure has a use.



To: GST who wrote (121539)3/25/2001 2:05:04 PM
From: Bill Harmond  Read Replies (3) | Respond to of 164684
 
I think a better example is your Japan that overexpanded itself into the Industrial Age just as it was ending. They copied everything (except the Walkman) and turned everything into a commodity. But commodities by their nature be made anywhere. China and others have cheaper, less-pensioned (to say the least) labor, so Japan sits, trying to keep that huge industrial capital base afloat at 0% interest rates.


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