Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (141879)	5/2/2001 6:02:02 PM
From: Lazarus_Long	Read Replies (2) \| Respond to of 769667

INTERESTING theory there: Economic success is proportional to honesty. I believe there are some anomalous, outlying points such as the Japanese, but it does appear to have much validity.

To: willcousa who wrote (141879)	5/2/2001 6:53:48 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769667

will, I would not use the word honesty. But I agree dishonesty has costs. I would use the word, no the phase, efficient information distribution. The economy is a massive interaction of self serving special interest. The more one knows of costs and demands and the vagaries of both, on can schedule better getting a better and even use or more efficient use of all resources. Thus reducing cost and thus chose profit or market share and invest to increase as makes the most sense. The US has by scale the most technically integrated economy and again based on the scale is becoming more technically integrated. More efficient and thus growing. The American way lends itself naturally to this. The scale of the US economy can support some level of stupid socialism and not be dragged down. In other parts of the world the nature of the society is a big drag on knowing how to create wealth for all. So to me the first order of maximum performance is having all the facts as timely as possible. The next is to have a society that understands what the facts mean. But in a free open society those those who know the facts get rich and those who don't accept bribes from the Rich to get rich. tom watson tosiwmee