Tuesday, June 10, 2008

"From oranges to software"


People vs. Dinosaurs -Thomas L. Friedman

The [Israeli] economy is exploding from the bottom up. It has a business culture that strongly encourages individual imagination and adaptation, where being a nonconformist is the norm.

While you were sleeping, Israel has gone from oranges to software. Israel, with 7 million people, attracted almost as much venture capital as China: 1.3 billion.

Ahmadinejad predict[s] that Israel will disappear. But Iran's economic and military clout today is largely dependent on extracting oil from the ground. Israel's economic and military power today is entirely dependent on extracting intelligence from its people.

Israel's economic power is endlessly renewable. Iran's is a dwindling resource based on fossil fuels made from dead dinosaurs. So who will be here in 20 years? I'll bet on the people who bet on their people - not the people who bet on dead dinosaurs.
(New York Times)

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