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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (33261)5/8/2003 12:09:57 AM
From: Raymond Duray  Read Replies (1) of 74559
 
Hi Maurice,

Re: A bit like South Vietnam was backed by the USA to give China something to think about.

I had my political coming of age during the Viet Nam War. What I've found is that the Russians were far more supportive of Ho Chi Minh's government than the Chinese. There's a 2,000 year history of animosity between the Vietnamese and the Chinese, and so Ho remained quite wary of getting too close to Mao's regime.

The U.S. was largely in South Viet Nam to supplant French interests. The "Third Way" that Graham Greene wrote about eloquently in "The Quiet American". What has emerged lately is some newly de-classified U.S. State Department memos from the era. In particular, while the American public were being fed a "domino theory" diet on evening TV news and by the pundits, the real story, contained in the State Department memos was a series of analyses and speculations about the possibilities for oil, tin and rubber. Dominos are for dopes.... resources are for real men.
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