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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 172.72

-4.4%

Nov 4 3:59 PM EST

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To: Caxton Rhodes who wrote (10726)	5/25/2000 11:57:00 AM
From: JMD	Read Replies (1) of 13582

Hi Cax, pains me to admit it, but I think Ramsey's got a good point here. The good news is that the Chinese are smart enough to figure out that the amendment was, in the view of most observers, necessary to get PNTR passed. A "Helsinki-like" panel to monitor China was/is a face saver for politicans facing re-election, trying desperately not to lose too many labor votes. O.K. so pragmatism prevails. But, and it's a big but, the essence of it is just humiliating to the Chinese. Forget whether there are or are not "human rights abuses" ongoing. That is simply not the issue. The issue is who the hell does the US of A think they are to lecture/scold/morally criticize another sovereign state? You can't have it both ways: we're going to do business with you but we think you're jerks, or morally bankrupt or whatever. If the other guy is that bad, you embargo them completely or you hit the Launch Button on the Cruise Missile. Think Hussein. Obviously, China's leaders have incarcerated political prisoners and done some stuff that the West thinks is bad news. No question. But what do you do with that opinion? Maintain that your own house couldn't use a little cleaning? Ignore your own country's record of development and the abuses heaped on its citizens and prior inhabitants? The US ain't spotless in the HUMAN RIGHTS ABUSES department--not even close. Not historically, and not currently. So what gives it the right to tell China how to conduct its affairs? That's why Ramsey's pissed, and that's why China's pissed. And I must say I would be too. best, SM

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