bubble

[Rakesh Bhandari]

Sure a lot of especially internet consumer sites will nosedive and take the
NASDAQ south with it, but those business to business services are probably
somewhat sound, and retailing will be changed beyond recognition too. And
the American software business will probably enjoy great commercial success
since an expanding array of new capital goods, ranging from microprocessors
to medical instruments, will depend on the quality and availability of
software for their operation. US medical diagnostic devices will conquer
the global market. Genetic screening and testing will become a staple of
everday medicine, so some biotech firms will be obscenely profitable. Only
the US will be able to conquer the system on a chip market. Probably strong
leads by American firms in crucial parts of the chemical business as well.

You breakdown theorists out there can all wait for a crash, I think the
question is how we are going to make the most out of the new vibrant
American technological capitalism, e.g. questions about genetic privacy,
the unemployment effects of automation,  the Lessing questions about
architecture, the encouragement of R&D into and adoption of most eco sound
tech, etc.

Peace and Prosperity, Rakesh