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To: PeterPrinciple
Not surprising the entrepreneurship declined. Taxes are still too high; there is still too much regulation; and the terror attacks shook confidence. Nothing new about that: markets (contrary to the Marxist view) hate war.

But I am apparently alone in arguing that computers and information technologies still are the wave of the future; that these technologies currently are "on hold" while the "last mile" is hooked up; and that after every company got its web sites and webmasters, there was a giant pause in the industry as people assess where to go next. This is exactly what the auto industry did from about 1907-1915, when Ford really began slashing costs on per-unit production, and it is also where we were 20 years ago when the chip manufacturers began slashing chip prices that sparked the boom.

2 posted on 07/11/2002 7:28:03 AM PDT by LS
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To: LS
I think there is an "off the books" entreprenurial community that is exploding for pretty much the reasons you mentioned.
3 posted on 07/11/2002 7:30:39 AM PDT by JohnGalt
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