July 2009 Archives
July 24, 2009
Andy Grove on "What Detroit Can Learn From Silicon Valley"
Andy Grove wrote an interesting piece on how the computer industry became more horizontal with the advent of the PC and it may be time for the auto industry to do something similar.
The car industry today is as vertical as the computer industry was before the PC. However, the simplicity of the electric car combined with the standardization of certain components may cause the automobile industry to shift to a horizontal structure. The Internet is already emerging as a key marketing medium for automobiles and is easily adaptable to a horizontal structure.
July 21, 2009
The Stimulus Plan and Cherry Pie
Richard A. Epstein on "Why the Obama Stimulus Plan Must Fail"
Ex nihil nihilo: out of nothing, nothing comes. It is as though corporations could work their way to greater wealth by making stock dividends to their shareholders. One might as well increase the size of a cherry pie by increasing the number of slices.
