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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%4:00 PM EST
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To: TobagoJack who wrote (2854)12/26/2005 6:01:57 AM
From: elmatador  Read Replies (2) of 217716
 
Memory of a past economic situation makes countries worse off. This is important! Americans lived long time witht he memory of recession. Germans lived decades with the hiper-inflation. Europeans, in general, lived long enough with the memory of famine and dependence on outsiders for food an raw materials.

In Brazil, during the WWII, couldn't get the industrialized imports and suffered and decided to industrialize by any means. Those memories of past economic situations keep hamopering economies.

Before that Brazil lived only from the land. hides, sugar, coffee, gold diamonds and natural rubber. All had been a cycle of great wealth.

a whole bunch of economists theorize about terms of trade and developing countries decided to force-feed industrailization.

Today we still have all the possibilitis of living off the land bu efficient agricultural and mining. We are now retiring to it. Agribusiness and mining -with the service sector on top of it- are again being the engine of the economy.

We should leave industry for the ones who can do it more efficient than us and concentrate on what we are better. Produce food, raw materials and bio energy.

Let the Chinese transform stuff. When they need raw materials they have to come to us. When they need to spend their money on food, we can supply them. They can't produce food as efficient and with the same level of quality that we do. So they should not waste their time trying like OECD countries do using subsidies.
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