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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (15352)	12/5/2002 12:46:39 PM
From: eddieww	Respond to of 19219

We may be speaking at cross-purposes here. You are primarily talking about how things are, and I'm trying to project how things will be. I concede first-mover advantage in most areas of high-tech while reminding you that software, which you may know much about, is a very small % of our economy, and has low barriers to entry since it is not capital-intensive. Also, it is not always the inventor and first mover who makes the biggest profit from new technologies. As I point out in response to dvdw in the post immediately prior to yours, we have nearly 300 million people in the US, and not all of them are equipped to be inventors, entrepreneurs, or work in first-mover industries. We live in an increasingly competitive global environment where our standard of living is pricing us out of many industries' labor markets. 20 years ago, Taiwan was known for cheap, molded plastic toys. Now, it is a world center of semiconductor production. As that one example goes, so might go many. Thanks to you and dvdw for your responses. The process of writing replies helps clarify my own conjectures. BTW, this conversation may be off-topic for this thread, so I also thank J.T. for his indulgence.