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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 148.83+1.1%3:59 PM EST
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To: biostruggle who wrote (110465)1/8/2002 2:55:09 PM
From: M. Charles Swope  Read Replies (1) of 152472
 
"The Italian economy will continue to stagnate because of Eurosocialism.
The Chinese economy will continue to grow at 6+%."

First off, there's no disagreement that, over time, the Chinese economy will grow to become much larger than the Italian one. The sheer size of the place will take care of that. However, the implication that the Italian economy is an example of the stifling effects of socialism while the Chinese economy is an example of the wonders of capitalism is laughable. This is the Red Chinese we're talking about, remember. True, they've loosened up a bit but China is very far from a capitalist society. Unless, of course, you are thinking about the lack of basic social services; healthcare, justice, etc.

And, incidentally, there are signs that the growth rate of the Chinese economy is slowing.
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