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To: Reginald Middleton who wrote (19916)	6/5/1998 12:25:00 PM
From: Keith Hankin	Respond to of 24154

If natural monopolies cause a lack of innovation, why didn't the countries with no natural monopolies surpass the US in terms of innovation. The answer is because his assertion is more theory than fact. No. The reason why most of the innovation comes from the US is because of many political, social, and economic environmental factors that encourage it.

To: Reginald Middleton who wrote (19916)	6/5/1998 5:02:00 PM
From: nommedeguerre	Read Replies (1) \| Respond to of 24154

Reggie, >>If natural monopolies cause a lack of innovation, why didn't the countries with no natural monopolies surpass the US in terms of innovation. Put just a little thought into a sentence once in a while. A) The U.S. competitors are chiefly Western Europe and Japan. Look at the size of these nations, their available resources, and the fact that their economies were either bankrupt or destroyed at the end of WWII. They spent 20-30 years rebuilding their industries. B) Who was more innovative in the auto industry during the 70's and 80's? The natural monopolies or the MITI controlled Japanese? The American music industry did not readily accept the CD-ROM to replace vinyl nor did they give us DAT. From Sharp minds come sharp products from natural monopolies come endless upgrades. Coke has a natural monopoly yet the price of "sugar/water" has not exactly been dropping in accordance with economies-of-scale now has it. Same old recipe, same old price. Although I hear that the new Diet Coke "sucks less" than the old Diet Coke... C) Americans innovate because they are in a highly competitive business environment which promotes the idea that if you innovate you can make a buck, hopefully alot of them. Microsoft sent out a clear message with the browser that if you innovate and it upsets their self-proclaimed "manifest destiny", they will use any unethical means at their disposal to eradicate a superior product not through innovation alone but through tying, leveraging, coercing, dumping, etc. Cheers, Norm