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Pastimes : Ask Mohan about the Market
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To: Zeev Hed who wrote (11500)12/14/1997 8:38:00 PM
From: Bonnie Bear  Read Replies (2) of 18056
 
A few posts ago Mohan brought up a very valuable and interesting point: we ASSUME that Asia shares our capitalistic value system. They do not.
Capacity gluts force more expensive competitors out of business. In a society that understands barter better than equity valuation, and understands the need for a job more than the need for balance-sheet profit, the decisions made by asian governments are not ones made in the U.S.
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