What About Paris?™

it sounds like fcuking insanity

put industry on taxpayer welfare, hell we've done it with banks and agriculture and the car industry, to hell with the ordinary consumer getting a good deal, tax them to support managers and business models that are redundant! bin all that crap about free markets and competition, hey and you what would look good? a hammer and sickle on the flag

anything, just so long the real world does not apply in the boardroom

Ordinary consumers don't build anything; no one owes them a "good deal"--just a fair one. Grove already has built something. Grove's ideas make some sense if seen as "emergency" or short-term protectionism. Do either the Scots or your Scotch have some better designs?

first off, you have an inherent moral hazard "former intel boss says give taxpayer money to intel and sundry similar companies and everything will be fine", loving that one.

then we have this

'emergency' or 'short term protectionism'

translation - we can't think of a solution right now so let's kick it into the long grass and hope really hard it goes away, setting aside the old riddle of "hope in one hand and take a dump in the other and see which hand fills up faster"

protectionism, or changing the rules mid game to help ourselves, might stop a decline for a while, but it isn't going to actually fix anything.

The problem is a country (the US and UK are both guilty of this) that churns out worthless media studies graduates and only values a handful of it's top professionals, the bankers, big law types the odd accountant. People who make things are not as valued. Which is a monumental mistake. Just look how things turned out for Imperial Spain, got lots of gold from south America made itself rich, built nothing and got hammered by industrious inventive Britain and the Netherlands.

I don't know what the solution is, I know throwing up some tarrifs isn't going to solve anything, you're smarter than me if you don't know we really are buggered.

especially since this problem is on the cards for lawyers, companies moving to put a few firms on panel and then online e auction tendering for best price piece by piece on work. Already expanding in litigation and that takes some actual thought and reasoning. There is going to be hell to pay the first smart indian kid who figures out all he needs is a PLC subscription and some limited liability to undercut the robots doing transactions.

I agree with with your first point--Andy Grove "says" isn't enough. But he's got little to gain or lose from making the suggestion. So I'll listen.

Second, no one model works. So we experiment; we mix and match. We do something--not just talk about it. Attitude: it's more important than facts, logic, or all Adam Smiths singing in harmony.

Finally, pick a plan--but have others in reserve. Pull the trigger. If you fail, you fail--but you learn. In the US, it's totally okay not to know the answer. The only sins are delay or to never even shoot. Europe and the UK can help us all pause and analyze--but it's not serving you folks well, either, when, as now, you run out of time.

JD

piece by Grove was a great find.

Duncan needs to read Charlie Munger, a lot

saw this

thought it might be pertinent to the poor silicon valley debate

http://techcrunch.com/2010/09/21/so-a-blogger-walks-into-a-bar/

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