it occurred to me the other day that despite the consumer debt and the shrinkage in earnings there were a few things happening that might sustain economic growth. mainly, the internet changes everything(remember the Brains?)
same goes for the new chips and stuff appearing now. an abrupt reality change at the speed of light
just when people with money have everything that is available stuff-wise, new stuff that is amazing has shown up(i've been surfing tech reports)
but mainly, business, regardless of earnings, or anything else, now has to deal with the internet. i felt extremely put out the other day when i had to deal with a credit card company over the phone and i still don't know how to change fonts. that tells me that even the rubes will be interneting
an insurance agent or sales rep or purchasing manager without realtime access to absolutely everything will not be operational within a year or two
so biz investment will be the next economic engine. it won't be a matter of choice for capital
and i still think asia will boom. it'll boom cause us capital already put their chips on the table. china is the holy grail of us biz(what must those idiot republicans be thinking?) bill gates dream is a set-top box for every chinese peasant. compaq just translated unix ware into chinese. chinese and asian satilite co.'s are making money(but high debt). and despite the official news, lot's of western companies are opening factories in china. Andrews, a us company is revamping the gov't communications in hong kong. every major us computor firm is supplying hardware and tech/training support to some program in china. i mean, every one.
so i think odd things are happening to capitalism.
just a thought-p