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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (4654)	12/26/2002 8:45:34 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 25522

>> In the end, what we really need is business investment. John, I don't know why people always say that. I don't see that as obvious at all. Let's say I have a catering business, and I happen to have excess capacity. I have extra kitchens, stoves, and delivery vehicles parked in the lot. This way, when business picks up, I can just hire another cook and driver. Why will society suffer, just because I can offer the extra goods at a low cost - since I don't need to build a new kitchen, or buy an extra truck ? After all, we are getting the final benefits without the expense. How can that be bad ? The excess capacity we have guarantees that we can meet additional demand with low marginal cost. Isn't that great ? Wouldn't China, India, Russia, Ethiopia and Somalia all love to have this problem ? Even Italy, Britain and France ? Now possibly we have a bad system for distributing the goods produced by society to all members, but that is not a question of business investment. Sarmad