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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 304.08+2.2%Feb 5 3:59 PM EST

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To: Cary Salsberg who wrote (11157)8/10/2004 2:22:49 AM
From: Sam Citron  Read Replies (1) of 25522
 
[Centrally planned capitalist economy] will also chose how much of which imports from what origins to be let in to make up the limited foreign added value.

Easier said than done. Let's say Import Control Board [ICB]decides to allow in a million Toyota Prius automobiles but Toyota decides it only wants to make 100,000 Priuses. Or ICB decides it only wants to outsource $1 billion in IT services from India, but US companies want $5 billion. Why should we expect a US ICB to function any more efficiently than the legions of failures of central planning, which have almost all moved toward a market system when central planning failed to deliver?
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