Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (40789)	11/4/2003 8:15:55 AM
From: Haim R. Branisteanu	Read Replies (2) of 74559

Jay would like to put the whole issue to bed .... <GGG> The problem as I see it is excess ... there is no way that a country can survive only on services and R&D. There should be a balanced approach just buying the "cheapest product" does not cut it. There are many social / economic ramification that must be taken into account. One of the more important achievements of civilization is tolerances and consideration of other people needs. Gone are the days that raiding the next tribe supplies are acceptable as a mean of survival. For global commerce to succeed those concepts should be taken into account even that in some case the peasant in SE Asia needs the work, but that should not inflict major dislocation and unemployment in Europe or North America. A reasonable balance must be found to satisfy both parties needs......... and not by destroying others lives and means of existence ....... moderate transition will bring prosperity to all economic war will bring destruction ..... no one wins

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