Beating China. It Can Be Done. But Not That Way.

The idea that Americans should pay more for consumer goods to enable other Americans to compete with Chinese workers is simply backwards. To win this game, we need to employ technology that makes goods more cheaply than can be made with low cost human labor. This increases wealth and in the long run, employment. If you focus on creating employment, in the long run, you lose.

Law for the Singularity.

So, Obama made Steve Jobs get up from his sick bed and come to dinner with a group of CEOs of companies like Facebook, Google — you get the gist. And what was the point?

Change is the point. The world of technology is changing so rapidly now that by the time we the ordinary mortals figure out where we are the world has already rocketed far beyond. The only way to get a rough idea of exactly where we might be at any given moment is to be in touch with those on that “cutting edge.” Thus, the dinner.

Welcome

CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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