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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (2869)	10/21/1997 5:54:00 PM
From: Pankaj Tandon	Read Replies (1) \| Respond to of 10921

Sam and others, I'm surprised nobody commented on today's WSJ newsbrief to the effect that the semiconductor industry needs 40,000 more technicians by 2002. (Page 1 column 5, sorry I read the print edition, I don't have a URL.) I don't know what this is on a percentage basis. Regards, Pankaj

To: Sam Citron who wrote (2869)	10/21/1997 6:20:00 PM
From: Cary Salsberg	Read Replies (6) \| Respond to of 10921

Sam, RE: "Economics has a way of excusing minor dislocations when they are necessary to achieve major goals." and "Are you postulating that economics is destroying democracy in America? Economics neither creates, nor destroys." Sam and Cary make widgets. Sam makes them better and cheaper, so Cary goes bankrupt, becomes an alcoholic, and eventually commits suicide. Economics didn't harm Cary, but economic theory supports the propriety of Cary's bankruptcy and accepts the "minor dislocation" to one man's life as the consquence of a system that "optimizes" the benefits to all. RE: "Economies tend to thrive in democracies...Rigid command economies cannot compete and must adapt or die." I think you are mixing democracy vs. totalitarianism and capitalism vs. socialism. Economies tend to thrive in laissez-faire capitalist systems and I suspect your "Rigid command economies" are referring to socialist systems. My concern is that laissez-faire capitalism functions best in a variety of what was once called a fascist system. The government and business collude to waste natural resources, pollute the environment, export labor to the lowest cost country without regard to wages, living conditions, hours of work, or age of worker, bust unions, eliminate welfare, criminalize immigrants, oppose health care for all, etc. in order to build the "strongest" economy. I can get carried away on this subject! Cary

To: Sam Citron who wrote (2869)	10/22/1997 12:41:00 AM
From: Gottfried	Respond to of 10921

Sam, >>No system is perfect, but this is the best system that has yet been devised by a long shot. It may be true that the poor tend to be relatively disenfranchised, but this is not the fault of "economics", and no other system has given the poor greater opportunity for improvement than capitalism.<< Very well put and there isn't a word I don't agree with! And I have lived under a system with a command economy for enough years to know what its like. GM