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

To: Sam Citron who wrote (11159)	8/10/2004 10:08:58 AM
From: Cary Salsberg	Respond to of 25522

RE: "Why should we expect a US ICB to function any more efficiently than the legions of failures of central planning, which have almost all moved toward a market system when central planning failed to deliver?" The US ICB has an easier job. "Central planning failed" because it didn't have the benefit of privately owned companies competing in a market system. It is easier to adjust a market system to bring domestic and foreign value added into balance than it is to replace a market system with a planning system. There will be a measure of inefficiency introduced by the US ICB. Hopefully, it will be no more significant than the "inefficiency" introduced by workforce regulations and environmental controls and the cost of such inefficiency will be dwarfed by the benefits of domestic job and industry retention.