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| I want the option to buy a brand new American-made.... well, SOMETHING! |
| 10.13.09 (8:57 am) [edit] |
Good morning Boys and Girls.This morning Yahoo's front page featured 10 young entrepreneurs who look to be rising stars in the world of money. What depressed me about the story was that just one of the kids mentioned has any plans to make physical products. -And even the lineup from that company, while including extremely useful and valuable products, won't have wide-spread sales to everyday people. (The company in question is developing molecular imaging equipment.) There are a few service companies listed, mostly online, of course, and some sales companies and consulting firms; also, mostly online affairs. Unfortunately, none of them have plans to make, say, toasters, or televisions, or automobiles or clothing, or anything that has the potential to employ many people for a long period of time. The story focuses on how these young guns scored financing for their start-ups, and how long it takes them to turn a profit. The average seems to be about four years. Not unreasonable, by any stretch, but geez, so what? The final entrepreneur listed is 23 year-old David Karp who has started Tumbir, a micro-blogging platform with 1.8 million users already in just two years. At least that's a company I'm interested in since I don't really like facebook much, and this place seems to be dying a slow death. Still, I wish more of the young people with stars in their eyes and dreams of wealth were aiming toward making.... making.... stuff. Stuff we need; stuff we can't do without; stuff that people have to buy all the time. I don't know much, but I'm pretty sure that what the historians and economists say is true; that there never has been, and probably will never be, a great economic power that doesn't make the bulk of what they need themselves. You show me a country that imports more than they export for a few decades, and I'll show you a country on the decline. Be good to everyone. |
posted by: inkspector (reply)
post date: 10.13.09 (6:41 am)
Yes, so true what you say. Did/do you watch Shark Tank? People with marketable ideas go before a panel to see if they can get financing for their idea or product? My son likes that show. I hope that they manufacture some of those items in the USA.
You are so right about the slow death here. I think it will be gone before the expiration of the domain in April 2010. It would be really nice if we get notice though instead of a surprise down and out.
Tumblr is a nice little place -- I have an account there but never use it. I had to see what the hype was all about.
posted by: OldSchool (reply)
post date: 10.13.09 (3:25 pm)
Hey surr, good to hear from you. It had been a couple weeks.
Agree with much of what you say. I don't usually like those types of profile pieces which often put focus on those who might be less deserving than others out there.
Still good to see folks taking chances and seeing them pay off. There is something admirable in that.
Hope to hear from you more often again. Take care!
posted by: barnabus1 (reply)
post date: 10.13.09 (3:42 pm)
I guess they create business' in their areas of expertise, and thats all computer and micro, and nano technology now. Be nice to bring back a little of the industrial revolution, and make products we can see, touch, taste and play with or operate!!
I'd like to see something so that we could share goodies over the internet, here's some new chocolate I got today, try it out!! Send me another piece of that roll, it's really good!! etc.!!!
posted by: kaikai (reply)
post date: 10.13.09 (4:55 pm)
UK's biggest export? Banking. How did that happen?
Manfacturing in this country is now negligible - we just can't compete on cost with eastern Europe and the far east. To my mind it's all part of the disposable society we live in. Instead of paying reasonable money for products that last we end up with the cheapest of the cheap, and wind up replacing products frequently in our quest for more "stuff".
How do you turn the tide? I don't think we can. Depressing...
Cost of the War in Iraq
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American Deaths in Iraq:
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