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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 143.23

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To: Sam Citron who wrote (10189)	2/7/2002 2:36:57 PM
From: Proud_Infidel	Read Replies (1) of 10921

What do you mean by reciprocity? rec·i·proc·i·ty (rĕs'ə-prŏs'ĭ-tç) n., pl. -ties. A reciprocal condition or relationship. A mutual or cooperative interchange of favors or privileges, especially the exchange of rights or privileges of trade between nations. An example of the opposite in action taken from Jean Bertrand Aristide's book Eyes of the Heart: What happens to poor countries when they embrace free trade? In Haiti in 1986 we imported just 7000 tons of rice, the main staple food of the country. The vast majority was grown in Haiti. In the late 1980s Haiti complied with free trade policies advocated by the international lending agencies and lifted tariffs on rice imports. Cheaper rice immediately flooded in from the United States where the rice industry is subsidized. In fact the liberalization of Haiti's market coincided with the 1985 Farm Bill in the United States which increased subsidies to the rice industry so that 40% of U.S. rice growers' profits came from the government by 1987. Haiti's peasant farmers could not possibly compete. By 1996 Haiti was importing 196,000 tons of foreign rice at the cost of $100 million a year. Haitian rice production became negligible. Once the dependence on foreign rice was complete, import prices began to rise, leaving Haiti's population, particularly the urban poor, completely at the whim of rising world grain prices. And the prices continue to rise. Why should Haiti(or any nation) be forced to embrace trade practices espoused by western countries(for their own benefit of course) when the odds are so clearly stacked against them? In short, they must embrace them or be cut off from the world. But the patently unfair system is so obscenely unjust that only people with blinders on could be content to support the system currently in place. Brian

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