| The End of Industrialization? (Winnemucca, NV) September 30, 2004 - 5.0/5... |
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Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score Andy Kessler 
Rating: 4.0/5 Stars Rank: 5764 (Winnemucca, NV) September 30, 2004 - 5.0/5 stars An easy way to get a lesson in world economics. The trouble is that I'm not so sure the lesson is correct. For instance, we import a laptop computer that's made in the far east. The production of that computer is fiercely competitive, there's almost no margin in its manufacture. But Microsoft gets about $100 for the Windows software that comes with it. And the profit to Intel for making the CPU is significantly higher than the profit on manufacturing the computer. Given a choice we should be far more concerned with getting these high profit components of the computer rather than manufacturing the computer itself. OK, I agree with that. This is fine if you're a software engineer at Microsoft or a chip designer at Intel. But what if just an ordinary guy, trying to make a living, perhaps at a blue collar job? With the shipment of the manufacturing overseas, a lot of those kinds of jobs have been eliminated. Then again, look at the overall unemployment rate, it's quite low. Obviously the U.S. economy is finding some kinds of jobs for all kinds of people. In this book, Andy Kessler says that we've moved beyond industrialization into an intellectual property economy. It's a point that needs to be considered, and besides that his book is a delight to read. His comedy like reporting makes the economics lesson go down easily.
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Editorials(11) | Product Info | Product Listings Customer ReviewsRunning Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score Andy Kessler Customer Review
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EditorialsSample 3 of 11Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score Andy Kessler
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