Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (346984)	8/16/2007 4:19:18 PM
From: TimF	Read Replies (1) of 1575616

They made a plan with an eye to the future, privatized those things that made sense and were long term viable, floated their dollar, removed the system of controls and tariffs and totally revamped their tax system Its planning in the sense that they had a plan and they executed it, but its a move away from "central planning" and government control. They reduced the complexity and intrusiveness of taxes, they privatized (sure not everything, but it was a move towards the private sector owning more resources and the government owning less), floating their currency means they where not trying to have the government or a quasi government entity control exchange rates, removing import controls and reducing tariffs is again removing government control. It was a pragmatic move in the sense that people where trying to figure out what would work best and than implement it. But it wasn't some attempt to balance out different ideological moves. There was an overall theme or direction.

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