Archived posting to the Leica Users Group, 2005/06/13

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Subject: [Leica] Erwin's Latest
From: joelct at (Joseph Low)
Date: Mon Jun 13 04:40:51 2005

            Hi Nathan

            Totally agree - they are the mechanical version of the " Peter
Principle "

            Joseph L / Singapore

-----Original Message-----
[]On Behalf Of
Nathan Wajsman
Sent: Monday, June 13, 2005 11:46 AM
To: Leica Users Group
Subject: Re: [Leica] Erwin's Latest

Erwin is at his best when writing about lenses and Leica and the photo
industry. But some of his general economic arguments are a bit suspect.
For example, contrary to popular belief, German industry as a whole is
very competitive. For every company that is not doing well (like the
mobile division of Siemens mentioned by Erwin) there are others which
are (including BMW and Porsche, also mentioned in the article). Germany
is in fact the world's biggest exporter, surpassing both China, the USA
and Japan. The high unemployment and low economic growth are mainly due
to weakness in domestic demand and structural issues in the labour market.

Leica is doing poorly because of failure of successive managements to
recognize and adapt to the overall trends in its industry.


David W. Almy wrote:
> All,
> The second is of particular interest.
> David W. Almy
> Annapolis
> _______________________________________________
> Leica Users Group.
> See for more information

Nathan Wajsman
Almere, The Netherlands

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In reply to: Message from nathan.wajsman at (Nathan Wajsman) ([Leica] Erwin's Latest)