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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Jing Qian who wrote (13762)	8/8/1999 4:01:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 29970

Au contraire. It is global openness which will enable the rest of the world to sue for inflationary wage gains. This will squander what has enabled stock prices to be valued at twice their growth rate: cheap foreign labor. Without it the demands of labor have to be met and labor learns their demands are inelastic. That means corporations must raise prices or cease to exist. This mechanism is completely independent of the ability to supply, so there is no relief there. Nothing can stop the will to inflate because it is built on the perception that others are getting wealth without having worked for it. Wealth sews the seeds of its own destruction. The four points are built on productivity gains which come from technology, but that isn't from where gains in productivity come. Technology provides incentive to work harder because people can see they can harness technology to make them wealthier. It is only the extra effort of people that causes productivity to rise. Rising inflation will sap the incentive to work hard faster than technology can add to it. This was the same scenario at the end of '60s. You're too young to understand any of this and so are the children who wrote that article. You will all have to be punished because the so-called adults who taught you never knew what was to be taught. The universities have failed at this because they too never knew. Education can destroy as completely as it can create. It only takes that education is dogmatic like the church during the medieval period. The church managed to keep humanity suspended for a 1,000 years. So you think inflation is irrelevant. This is the mindthink of adaptive conditioning. It is the attitude of FED officials who say "a little inflation is ok". A little continues to rise slowly enough so that people think they can adapt to whatever the eventual level since they have been trained to expect accelerating wealth. That only occurs when there is little expectation for wealth. People stop putting out the extra effort as they become relatively more wealthy. Inflation is becoming embedded but look at your own attitude. It is that you don't see any inflation and if there is a little it is too small to matter. The schools have totally failed in conveying how important this evolution of psychology is. Their emphasis is on how to get along with people. This adaptive behavior to inflation brings you to the paranoid state of explicitly not getting along with anyone, since inflation represents the ability of the mob to legally steal from individuals. Since you haven't learned anything about these kinds of things, and you represent the vast majority, you will all have to learn them. You will be punished for your lack of education.