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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.02+0.1%Dec 19 4:00 PM EST

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To: arun gera who wrote (2428)11/25/2005 9:57:08 PM
From: elmatador  Read Replies (1) of 218646
 
If the talent pool is -as in Brazil- comprised of people who have been to an university and thought a diploma is the passport for the elite, it won't help much.

It shows the narrowness of the mindset prevalent in the country, because it is the only way they can think to get out of poverty. This is a reason why countries like Brazil and India will struggle.

What is necessary is to break with the past. It is that moment when you witness the tide changing. That the locals are not going to take the status quo no more and the governing elites perceive it, and the construction either collapses (USSR) or change (China).

Brazil and China are doing the wrong thing because they are using globzalization's benefits to continue with the old way of doing things. To keep the future ahead of them, so that it doens't arrive. Their big mistake is to thing they can control the pace.

I have to add: It is not an army of PhD that makes an economy take off. It wasn't with Japan, it wasn't the case with Germany nor is today with China.
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