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Strategies & Market Trends : New US Economy Policy
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To: Arthur Tang who wrote (32)5/18/1997 2:17:00 PM
From: Arthur Tang   of 435
 
The new economy and central planning.

Every country should have central planning, so that, there is sufficient competativeness within each industry. But, not too much under the excuse of free trade, thus creating overcapacity and bankruptcy. Russians and Chinese have central planning but under a rigid old economy system. Problems of rigid planning of limited capacity and price control. Performance and efficiency created shortages.

Capitalism and free trade on the other hand, have business cycle; due to over capacity when prices are good and inflation when capacity was abandoned. How can we in the west have central planning and prosperity without business cycles. We used steady supply side economy and "obsolescence and replacement" demand side economy theory.

If we do central planning, who would be the organization? Surprised every one that the central planning really is done by the analysts on Walll street. They project earnings; warn captains of each industry of overcapacity; warn them of inefficiencies and lack of productivities.

When Wall street prospers; main street prospers. Analysts are now looking at small cap businesses now. Soon they will look at all private industries to ask them to qualify to be public industries. The whole American industries will be planned.
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