Billionaire Boys Cup (America's Cup 2003)

morpheus 2001 writes "Wired has a story on the fight to win the America's Cup 2003, a sailing race held every 3 years. The story carries the title 'Billionaire Boys Cup', referring to both the competitors and the millions of dollars that it now takes to field a team. This time around the two US teams pit Craig McCaw and Larry Ellison against each other using their respective technological prowess to beat each other and the rest of the world. The story mentions that all of the teams competing will drop collectively over $700 million, with $30 - 40 million to be spent on R&D (per team) alone. The story gives an excellent description of how the use of technology and massive databases work in concert to give a team an edge of mere seconds, which can be the difference between winning and losing a race."

Comments

Re:a limit ?

[toupsie]

There should be an upper limit on how much money a person can have. That to me is the only feasible solution to solve the problem of poverty.

I agree. I think infinity is a legitimate upper limit. The solution to poverty is not stealing from Peter to pay Paul but to bring captialism and democracy to all countries. You will notice that poor nations are those with dictators and tyrants not Presidents and Prime Ministers.