Showcasing the Free Market
I would be remiss if I didn’t take the opportunity to point out that the Consumer Electronics Show (CES) started yesterday. This is not only a great opportunity to showcase the next — or even the next-next — generation in electronics, but also to see where consumers are pointing the market. Great leaps and bounds have been debuted at the CES in the past, like the first Pentium chip, the Nintendo Wii, and the next version of Windows. I can point to a number of occasions that show how this electronics show is great at reading the market — some might even say hypersensitive to the feelings and sentiments of consumers, but I won’t. I just want to point out that this is a great exercise in the free market, and a phenomenal insight into the dynamics of supply and demand. You should all take a look, because it shows where the market is going. With the rapid rate of technological innovation, the CES exemplifies how a market can quickly and easily be dictated by consumer sentiment. Each year, you can see which ideas pop up again and again, and which ideas fizzle by the wayside, based on relevant consumer demand.