Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (36144)	7/17/2003 1:09:53 AM
From: Maurice Winn	Read Replies (1) of 74559

Yiwu, as usual, the idea that China can't also be rich stems from the idea that things will stay the same. It's possible to be really rich without owning an SUV and having enormous highways all over the place with traffic jams. Individually occupied and rented superconductor maglev cars electronically controlled and moving at 200 kph would suit me much more than self-drive SUVs in traffic jams wolfing down tons of fuel a year and spending most of the time parked. All the Chinese and Indians and everyone else can own the swankiest cyberphones and biotech technology imaginable and it won't touch the environment or deplete resources. Food of supercalifragilisticexpialidocious quality can be produced in multistorey [or single storey] biotech food factories without any spray, tractors and industrial age hard work. Wealth is cheap to produce. There's plenty for everyone. In the meantime, we can all bid for whatever is in short supply. If Chinese have the money, they can have the goods. Heck, the USA even refuses to buy NZ goods such as sheep and steel, so China doesn't have much opposition in the auction. The USA has defaulted. Mqurice

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