Day: February 24, 2006

Thomas Friedman, New York Times columnist, has written a fascinating book. He argues that the dotcom bust of the 90s was not really a bust. Instead, hundreds of miles of fiber-optic cable was laid. when the companies that laid the cable went belly up then someone else could come in and by the cable for pennies on the dollar. This brought the price of the Internet down substantially. With cheap Internet access (high speed), it now became feasible to outsource certain jobs to India, China and the Philippines. I like this book. It is very insightful. But, I must be honest,