Clark,
<<I may be missing something. Is this a country that is embracing free markets? Is this a country to invest in with great potential? Nothwithstanding all the vulture investors here rushing to Asia to buy sold down assets in Asia... something greusome is happening here.
Well, the truth is...they have crappy input. They are, in addition, total unrepentant liars. They have a crappy product. They have a glutted market. Am I missing something?>>
Harsh, but...true. Or so it seems to me as well. They not only "have a glutted market", they have strongly helped to MAKE a glutted market. The only glimmer of hope in this is that by reducing the number of players, it may make it slightly more possible for those players to shutter some capacity. However, doing all of this by govt edict doesn't imply much comprehension of what the "private" sector is about, and doesn't induce much optimism in me.
<<Who is going to buy all this stuff that Korea, China, Thailand, Japan and the etc's of Asia, need to get out from their financial black holes?>>
As long the workers who produce all this stuff get paid "rice wages", we will inexorably be led to deflation and social/political unrest. It seems to me inevitable.
s. |
