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Strategies & Market Trends : Asia Forum
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To: shadowman who wrote (8083)2/24/1999 2:03:00 PM
From: Liatris Spicata  Read Replies (1) of 9980
 
Dennis-

Having either large business or labor able to work their will with the coercive instrument of government is wrong. That's a strong argument for a minimalist government. In general, governments should stay out of labor management relations, except insofar as enforcing contracts is concerned.

A major reason Taiwan has not been hit as hard as say, S. Korea in the current Asian Drama is that the Taiwanese gov. has not directed capital markets nearly to the extent the SK gov has. Government decisions on such matters are frequently made on the basis of political expediency, not economic rationale. SK's bias toward the chaebol has greatly damaged entrepreneurial interests in SK. Sort of like when MITI told Sochihiro (sp?) Honda that Japan already had enough auto manufacturers, thankyou. Honda ignored MITI's "advice".

Larry

P.S. Someone of my persuasion is not likely to issue any awards for altruism.

P.P.S. No, I'm no great fan of FDR, or any other lying socialist politician, for that matter.
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