Anyone remember the HDTV race a decade ago? HDTV was predicted to be the next BIG thing, whoever dominate the HDTV will dominate the new tech frontier and the future. (This was before anyone knew about internet or what to do with that campus internet trick.) Our Japanese friends raced into HDTV with billions of dollars spent on R&D. There were chicken-little cries within this country that America is falling behind and losing its grip on innovation and the future.
What happened on their way laughing all the way to the bank? They lost all those billions, nobody is willing to pay for HDTV and there is no HDTV to watch, it is just a new and improved gadget. FTC HDTV standard ruling overnight killed all that Japanese HDTV mess.
A free market system based on greed and profit will always figure out the latest technologies to solve the problem (if there is really a problem) and meet the needs of the people. Not radical environmental movements nor government regulations.
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10-07-2003, 01:48 PM
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