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

To: Ian@SI who wrote (7532)	10/15/2003 12:23:00 PM
From: Big Bucks	Read Replies (2) \| Respond to of 25522

Ian, good points. I have not read Freidman's works, but do admire his economic prowess/philosophy....who am I to argue with a Nobel laureate? Will you concede that manufacturing capacity is an absolute necessity for economic growth? It is our ability to manufacture that has created the service and infrastructure jobs... Manufacturing is the foundation of any economy.... BB

To: Ian@SI who wrote (7532)	10/15/2003 1:43:46 PM
From: Sampat Saraf	Read Replies (1) \| Respond to of 25522

"Agrarian to Industrial to Electrical to Electronic. With each revolution, displaced workers have probably suffered." However, the transition from Agriculture to Industrial did not cost much to US as US still (even now) makes enough agricutural produce to support its consumption and some more. It was mainly productivity driven in that the number of people needed for doing the same amount of agricultural production reduced. This is quite in contrast to transition from Industrial to Electrical to Electronic where US looses production overseas and can only satisfy its internal consumption by running up the trade deficit. Due to this, recent transition may have different effect on wealth distribution between USA and other countries.