Professor Elam

Larry Kudlow takes a look at captialists like Bill Gates and Soros that doubt their own engine of success.

No question there are gross excesses that anger me, like Lee Raymond at XOM getting $400 M for preiding over an oil company when the price of oil was going up, how tough is that?  Tell you what Lee, let’s try you out in West Texas at the end of the oil boom in 1986 running a service company for XOM, and let’s see how well you would have done, now there is a test.  Answer, most were let go, period, by the oil companies.

IF the world is not responding as fast as Bill would like it is the Idi Amins (see the Last King of Scotland) and Robert Magabwes that are responsible. Where will the US be in thirty years if China puts in another ten years of 10%+ grwoth rate?  And if India and Korea continue to outstrip the US in the education of engineers? Of course we lead in self esteem awareness, that should do the trick!

Watch the movie Pirate of Silicon Valley to learn how Gates and Job really got their start, both essentially stole or bought ideas from someone else.  Today MSFT has introduced VISTA and charged us for it essentially requiring you and I to start all over again on re learning yet another interface. No thanks I believe I will stop at XP.  Dr. Deming would have had MSFT improve on xp, not start over. How long before a China produced LINUX system finally puts the big britches on Ballmer et al.