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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Jacob Snyder who wrote (27823)7/13/2000 11:52:48 AM
From: mauser96  Read Replies (1) of 54805
 
That's what I meant, except that I don't think all that much profits have flowed to China over the last 40 years, certainly compared to places like Japan and Singapore.China is still third world. I have great respect for the Chinese as a people, eventually they will throw off their old chains, both political and cultural. Their politicians are a different matter. Chinese leaders want power. If you have enough power, you don't need money, you get everything you want free. I remember an interview with an ex high up Soviet official when he said it was not about money, it was about power- being able to dominate your subordinates, to make them grovel before you, to make them fear your every word.
Eventually the Chinese will realize that it's one world. Meanwhile if we let them con us that's a reflection on our good judgement.
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