The Secret at the Center of all Capitalist Growth Dear Daily Prophecy Reader, Some of my readers and friends have begun challenging me, which is something that I welcome. Please send your feedback and insights here. More specifically, they challenge my pretense that I will have something new to prophesy each and every day. "Who do you think you are?" they say, "Rush Limbaugh or Bill Bonner? Or the Weather Channel?" With all this daily volume they imply strongly, "Quality is going to suffer. You are going to start jabbering and droning and repeating yourself!" My response: Haven't you guys been listening? Repeating yourself is the secret of the learning curve at the center of all capitalist growth. With every doubling of total units sold, costs drop between 20 and 30 percent. There, I've just repeated myself and you may have learned something. So I'll get better and better as I go jabbering along! But some of my critics are smarter than that. There Is No Reason to Halt High Tech Trade Just yesterday I defended Huawei in my writing as a great champion of Chinese capitalism and leader of 5G wireless. Someone wrote to me: "Chinese law requires all citizens and companies to cooperate with Chinese intelligence. Therefore, how can we not assume that Huawei cooperates with Chinese intelligence?" My response: We cannot assume that Huawei – or any other Chinese, Israeli, Russian, or even US company – does not cooperate with national intelligence or military services. The NSA aggressively hacks networks around the world. SPONSORED |
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