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Strategies & Market Trends : Asia Forum

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To: Ramsey Su who wrote (2774)3/28/1998 4:47:00 PM
From: Worswick  Read Replies (1) of 9980
 
Ramsey, Holbrook is one of thelead point men of the American "establishment". He is, if perhaps not my hero, then one ofthe strongest voices in the establishment here.

"The Asian economies will have to play by the same rules as the rest of the world. This is the only fair way to do things," he said, adding that he wanted to deliver "a strong warning that next time out it cannot be business as usual".

For almost as long as Holbrook has been in public service I have been doing deals in Asia. I can't tell you the crap that one has to put up: the plain bad faith: the broken promises: the hall of mirrors you walk into where the corrupt always win. Asia 1960-1997 was not a level playing field. Really, if you don't know this: if you don't know still to this day, that European/American firms can't do lots of financial service deals in Asia in the same way Asian firms do business in our markets then you shoulld learn about this.

Admittedly, Europeans and Americans have been amongst the corrupt in Asia but they were following local custom. No?

Between times... my fatehr was a pharmaceutical exporter to Asia 1946-1970 and once he got a frantic call from his Thai supplier. Two tons of suppositoires weren't melting the way they should be. He wanted to know if they should be returned? Or, could he get a credit? My father dispatched another two tons by air freight. Ah, the era of service and trust that has vanished in the world. An era of willing people who didn't gouge each other and they knew that both trading partners had to make money to win. Win..win...win. What we've lost in the era of Asian values. Asian values are just a load of total crap Ramsey. They are simply an extension of, speaking as a historian, what the Japanese said to the Chinese in the mid-1930's and they used Chinese victims for bayonet practice. You are sub human because you don't have Japanese values. Asian values are the figment of small people bent on dishonest ends... the last refuge of a scoundrel is cultural patriotism.

You have been had by the people who gave you the sharp end if you believe this Asian values stuff. Buddhist values. Yes. Confucian values. Yes. Shinto values. Yes. Christian values. Yes.

My best,



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