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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (65708)	7/10/2006 8:37:01 AM
From: GST	Read Replies (1) of 110194

<Those are indeed the jobs I am talking about> Because those are the only jobs you seem to know about. In a developing country with 1,300 million people urbanizing at a rate unheard of in human history there are ample short-term opportunities to exploit poor people coming out off the farms and entering the workforce at the bottom end. Their lives are in transition and it is not easy. As I have so many times before, I visited factories two weeks ago staffed mainly by young girls who live in dorms at the worksite -- very much the norm for the Pearl Delta area which is really the biggest part of the Chinese export sector. This model is however reaching its limit as it becomes more difficult to attract workers. In the smaller cities where they live the shops are full of all kinds of things and shopping is the new national past time. The streets flow with the young people shopping and socializing pretty much as they would anyplace else on earth -- eating well and dressing the same as kids anyplace else. The difference between us is you work from your imagination, I don't need to -- I have seen it so many times for myself. And what I have seen is a country pick itself up off the floor and do some truly remarkable things. What I also see is the extraordinary talent, the entrepreneurship, the wealth -- the remarkable wealth -- cities like Guangzhou with endless millions of people and endless restaurants filled to the brim with people enjoying their families and their lives. My concern is not that they are poverty stricken people stealing our jobs -- my concern is that by following our lead they will join us is in destroying the planet we live on together.

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