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