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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (57132)	10/5/1999 12:11:00 AM
From: Zoltan!	Read Replies (2) \| Respond to of 108807

>>Let me ask you a question - do you think the asian markets are open or closed? And what about the US markets, are they open or closed? To the non-Nafta nations I mean, of course I realize within Nafta everybody is wide open. More closed that US. You have got to read some good economics, like "Free to Choose" or "Capitalism and Freedom". The closed markets only hurt themselves and their people in the long run. Milton Friedman made that case in the 1980's when we were buying too many Japanese goods and the Japanese too little US goods. The Japanese denied their people a higher standard of living as they accrued US dollars. What did they do with those US dollars? They bought Rockefeller Center and Pebble Beach - twice. Friedman said that was great, let the Japanese continue to trade their goods for dollars. What were they going to do with Rockefeller Center and Pebble Beach, ship them back to Japan? Well, after the media horror stories we found that by the end of the 1980's Japan Inc. was failing because it was inherently inefficient. Japan had to sell its US properties like Rockefeller Center and Pebble Beach for much less than cost. What a gift. Not that the Japanese didn't do much good, after all, they are responsible for all of the improvement in American cars since the 1970's.

To: Lizzie Tudor who wrote (57132)	10/5/1999 12:23:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 108807

Well of course the Japanese markets are closed. They're famous for it. And we're famous for buying all the Japanese cars and electronics we can get. Tell me what you think of this: I need new lights for my new house. I want new coach lights for the outside by the front doors, new light kits for the ceiling fans, and a few new lamps. So we spent the weekend shopping, Home Depot, Hechinger's, which is the local chain, and some department stores, and I can't find anything not made in China. Zip, nada, zilch, rien. And we've bought a lot of lamps made in China over the past few years, and most of them have broken, so I wanted to buy American. No can do. "Made in China to our specifications" is the best we can do. It says "Listed with UL laboratories" on the box, not sure what that means, but it's not the same thing as "Tested at UL laboratories," I know.