> But you forgot to answer my question: is it only because you don't
> see the investment in things like communication infrastructure
> that you think we're not making investments?
The OECD sez we're investing about 17% of GDP per year, and that Japan is investing 27% per year. Software by definition is mostly a service and not necessarily a productive investment (it depends if its industrial software, telnet communications, or screensavers). Much of the oft-touted boom in information processing is really a replacement of one set of services for another: Monopoly board games, for example, get replaced with Nintendo sets for the kids, Playboy gets replaced by e-porn, that sort of thing. Unless you have specific evidence that the OECD figures are bunk? (Hey, they *could* be wrong).
-- Dennis