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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (54392)	2/21/2006 1:54:20 PM
From: GraceZ	Read Replies (4) \| Respond to of 110194

now imagine a world where the infrastructure gap is narrowed (or reversed) If we keep taxing capital heavily, it will happen. If we wise up and stop taxing capital there is no reason why they can't get rich and we get richer. The Japanese didn't put us out of biz although in the 70s you'd have had a hard time convincing people of that. Everyone was convinced that the only way they would get richer is if we got poorer, but we both benefited from their development. I welcome a global labor market in that it means that I have access to the best regardless of where they live. Still, there is a decided home bias for employing capital in a knowledge based biz. I ran into a gal who worked for Oracle the other day on the train. She was responsible for online training of Oracle employees. I asked her about India, how much of their development team was now based in India. She looked at me like I was nuts. She then tells me that while they are happy to move back office operations and support to India that there is no way R&D goes there. I was thinking, "yet". Still, one has to have some assurances that IP will protected. Countries that have a short history of protecting private property and few laws protecting IP are going to have a hard time attracting capital for idea development until their legal systems mature.