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Technology Stocks : Nextwave Telecom Inc. -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (655)	2/2/2002 6:30:35 PM
From: Maurice Winn	Respond to of 1088

<When I grew up in the Mid-west. Farmers were paid by the Government to deliberately keep an excess supply of corn or soybeans from appearing at market. Farmers were paid to keep their fields empty! It's all about supply/demand. The Europeans have just been smart enough to apply it to telecommunicaitons.> PCSTEL, Governments do such insane stuff around the world. Here, they paid grape growers to pull up vines for the same reason. It's all about toadying to voters, not sensible government. It's how the USSR used to operate, but they went one step further and owned the actual land and crops too. They had serfs working the land for the state. <The Europeans have just been smart enough to apply it to telecommunicaitons.> It doesn't seem too smart to me. The $100 billion in auction proceeds will disappear into the government void with little to show for it. It would have been better to sell more spectrum so that the subscribers get cheaper service. Governments are destroyers of value and seekers of power, so they pay their buddies to not grow corn and create artificial spectrum shortages which prevent people having phone service and those who can afford it to pay too much. So it goes, Mqurice