From: Bart  Croughs <bart.croughs@tip.nl>
Date: Tue, 13 Aug 1996 12:54:06 +0800
To: "'cypherpunks@toad.com>
Subject: re: National Socio-Economic Security Need for Encryption  Technology
Message-ID: <01BB88B2.33BB74E0@groningen04.pop.tip.nl>
MIME-Version: 1.0
Content-Type: text/plain


Arun Mehta wrote:

>Indeed. Bart makes a very remarkable assumption, which is that the total 
>amount of capital in the fastest growing industry in human history  is constant.

I didn't make this assumption. When I say that when capital leaves the US, the amount of capital in the US will be lower, I mean that the amount of capital will be lower than it otherwise would have been. It will be *relatively* lower, and so the wages in the US will be *relatively* lower than when when the capital wouldn't have left the US. Of course, absolutely speaking the wages could still become higher. I thought this was so obvious that I didn't make this explicit. 


Bart Croughs