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Technology Stocks : Dell Technologies Inc.
DELL 117.44-1.6%3:59 PM EST
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To: Selectric II who wrote (166738)9/3/2001 12:01:30 PM
From: TigerPaw  Read Replies (2) of 176387
 
specify exactly which policy(ies) you're referring to
I already have, you just don't read. The biggest cause of the crash is the disenguagement of the U.S. from world affairs. This could be specificly environmental treaties, security treaties, ABM treaties, tarrifs on favored products like softwood lumber, reduction of support for IMF and World Bank project, and the general tone issued fromt he government. The U.S. has told Europe and Asia we don't want to play with you anymore and part of that is trade. If Europe can't trust the U.S. to keep pledges on their nuclear policies how can they maintain trust on banana quotas?, the can't and the aren't and world trade has suffered as a result. Trade requires trust.

Some Old economy ideas are those which state a country must be self-sufficient in resources or capture a colony or puppet government for any resource not physically in the borders. (There are a lot of other old economy ideas but this is a specific example). Instead of letting the work and production flow to the area where it is most efficient the old economy favors transporting all sorts of things to a central location where many steps are performed to create the final product. Very specificly, the idea that it is better to go after small supplies of oil that costs $25/barrel to produce is a better idea than buying oil that costs $3 to produce just so we can claim it is a domestic source.

This is voodoo 2 economics.

TP
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