From: Sandy Sandfort <sandfort@crl.com>
Date: Wed, 14 Aug 1996 05:01:21 +0800
To: Bart Croughs <bart.croughs@tip.nl>
Subject: re: National Socio-Economic Security Need for Encryption Technology
In-Reply-To: <01BB88FA.42D3D100@groningen16.pop.tip.nl>
Message-ID: <Pine.SUN.3.91.960813084034.17718E@crl10.crl.com>
MIME-Version: 1.0
Content-Type: text/plain


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                          SANDY SANDFORT
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C'punks,

I've just had an insight with regard to Bart's ongoing capital 
debate.  In response to Perry's "green pylon" post, Bart wrote:

> I am saying that the fact that American workers are better paid
> than workers in Third World countries, can be explained for a
> large part by the fact that there is much more capital invested
> in the US than in Third World countries.

Bart's error lies in his confusion of the terms "captial" and
"capital investment."  While capital may be used to make capital
investments, there are other things it can be spent for as well
(wages, taxes, supplies, etc.).  

If Bart were to use the term "infrastructure" then it would be
clear that the ebb and flow of mere capital would have relatively
little to do with infrastructure influenced wages.  


 S a n d y

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