January 27, 2006

Google Unwhacking

I thought that I was the only guy on the Internet who did not want to do shock & awe on Google headquarters. I may be, but VodkaPundit has some comments that bolster my case. Stephen Green points out that they are ultimately hurting their own competitiveness.

In a high-tech economy, the free flow of information defines how competitive a people can be. Less freedom, lower competitiveness. There's more to it than that, however. More information means less opacity, and that means more corruption. This, in turn again, means lower competitiveness.

China is trying to compete in the high-tech economy, while crippling the tools that make such competition possible.

I don't mean to say that you shouldn't be mad at Google. I am, and will be so long as they continue with such repugnant business practices. And don't get me wrong having Google, even a restricted version, will in some small way prolong China's dictatorship. And the Chinese people will suffer, by losing what could have been a sharp weapon in their fight for freedom.

But it's not the end of the world, either.

That's his point. Mine is still that this company is justifying a 50 multiple to its shareholders. If you pay $40,000 for 100 shared of GOOG, you are probably not too keen on their missing an in on the fastest growing market in the world. Just a thought.
Hat-tip: Insty

Google Posted by John Kranz at January 27, 2006 1:08 PM

"If you pay $40,000 for 100 shares of GOOG" you are a moron.

Posted by: johngalt at January 30, 2006 3:19 PM | What do you think? [1]