I consider this to be stronger evidence that WSJ claims about foundations.
><... or they would have invested here instead of elsewhere.>
>
>Hmmm, why should they distinguish here from there? Must adventurers
>always be judged as pirates just because they see easier pickings over
>the uncharted horizon? On the other hand, consider the ultimate
>entrepreneurs, farmers, who have the audacity to cultivate compost,
>computing with dirt, to turn barren deserts into juicy desserts.
You've lost me here. Investors should move to where the expect higher
returns, just as people should move to where wages are highest. I
don't see a relation between this and piracy.
Robin D. Hanson hanson@hss.caltech.edu http://hss.caltech.edu/~hanson/