[unprepare]

it was a direct answer to you saying 'they must be doing something right' the implication being that while they are able to find paying customers, what they are /not/ doing right is the actual work of developing software.

the parent points out that this market inefficiency exists because the people making purchasing decisions are not technically competent enough to truly evaluate the vendors that are selling them these development contracts.

A company can make money selling a bad product, it happens all the time; and its a well know phrase in finance that 'markets can remain irrational longer than you can remain solvent'

[sumedh]

First of all if you going to quote Keynes, use it in the right context. We are not talking about stock market here.

So you are telling me that these Indian outsourcing companies who have been growing for 30 years with billions of dollars in revenue is all because they are selling a bad product.

So the Indian companies are like wolves eating feeble Western companies like lambs. Do you realize how ridiculous that sounds.