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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 143.19-2.9%3:59 PM EST

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To: Proud_Infidel who wrote (10205)2/8/2002 10:33:05 AM
From: Robert Douglas  Read Replies (1) of 10921
 
Why not visit some of the places supposedly helped by growth before speaking for the purported beneficiaries? Virtually every peson I talk to who has visited a third world nation offers a different perspective than the one you are espousing.

What makes you think I haven't? Just because you can find those who haven't been helped by the growth does not mean there are not those who don't. That is a fallacy of logic. (If you don't see a deer in the woods, you conclude there are no deer.)Besides, your anecdotal evidence belies the numbers. Given the two, I choose the numbers. Has there really been no change in the personal fortunes of the average South Korean in the last 30 years? I find that silly.

Walk in the shoes, for even one moment, of those who "benefit" from this growth and then come back and say growth is all that is needed.

Did I say growth was ALL that is needed? No, there is more needed than growth. But you seem to be saying that growth is counterproductive. To that I point, I strongly disagree.

Did you know that companies like ADM are patenting certain types of genetically engineered rice and forcing the country of India to coerce the farmers to make payments for a rice that has been used by them for hundreds of years! The rice is a slight variant from the original but ADM is claiming it as their own and extorting money from those who can least afford to pay. Free Markets in action.

So free markets are bad because there are abuses? I could just as easily say that your equitable wealth distribution ideal has led to the horrors of Communism and the genocide that seems to follow.
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