Naval Ravikant reports on former Chairman of the Federal Communications Commission Reed Hundt's speech at Unleashed. Very interesting theory, which I agree with, proposed by Mr. Hundt, that is that the fall of the Soviet Union spurred the sudden modernization of China, which has created a long economic stimulus that began in the mid-90s and will continue for decades. Hundt doesn't go into the challenges this represents to the U.S. economy as much as the opportunity. I think that, played well, the U.S. economy could be the design and development, logistical and financial center of a much larger global economy while many new jobs in manufacturing, engineering and other industries are created in Asia and elsewhere.
Posted by Mitch Ratcliffe at October 10, 2003 08:42 AM | TrackBack