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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST
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To: TobagoJack who wrote (2747)12/20/2005 2:59:13 PM
From: Maurice Winn  Read Replies (1) of 217745
 
"Necessary but not sufficient" is the jargon. <//in fact not the brightest in china.// Ahhh! Brightness alone is insufficient... as you know... >

As you say, stupidity is sufficient for failure.

1.3 bn people in China. I note that Griffe du Lion hasn't put China in the schedule at the bottom of this link lagriffedulion.f2s.com Since a fifth of the world lives there, that's a significant omission. Maybe I haven't read it correctly.

You can see from the smart fraction theory that average stupidity is also sufficient to result in average low GDP per capita. Political repression does a good job too, as shown in China during Mao's maelstrom. Political repression is stupidity of those in power.

With a fifth of the world's population, with average brainpower around 90 IQ, that would give China a similar number of smart people as are in the USA, which has bribed smart people from around the world for decades, thereby getting a large share of them. Plus, USA companies hire the smart ones who stay home to work for the local branch of the company [as QUALCOMM is doing in various countries].

Hiring smart people is a very good thing to do. Treating capital nicely is essential. So is treating intellectual capital nicely. Stupid people treat neither nicely. Then they wonder why they are poor.

Zimbabwe is treating capital and human capital very badly. They will be very poor. All countries treat capital and human capital badly. Some are just worse than others.

Mqurice
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