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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: EricRR who wrote (112984)5/26/2000 2:56:00 PM
From: tejek  Respond to of 1572209
 
I disgree about Japan. Their bureaucrats have screwed things up with Keynes' BS, but the economy though has so much unfufilled potential. All they need is some political backbone for major deregulation. Strip out all those damn distributers. Force open books, and dept write off. The place would take off.

You are right; however for ten years the Japanese have been in no hurry to implement the needed reforms. While there is pain and fear, its been mitigated to some degree, and so Japan staggers along in a stagnated sort of way, living off its savings.

If it continues for another 10 yrs, Japan will slip to second tier status economically.

ted



To: EricRR who wrote (112984)5/26/2000 4:39:00 PM
From: Jim McMannis  Respond to of 1572209
 
RE:"Their bureaucrats have screwed things up with Keynes' BS, but the economy though has so much unfufilled potential. All they need is some political backbone for major deregulation. Strip out all those damn distributers. Force open books, and dept write off. The place would take off."...

I agree, and we should use Japan as an example of how NOT to build up a complicated system of government... because...once established, you have so many people living of the government teat that it's very difficult to unravel it. Those that do, are voted out because of the corrective pain! Surely they never would even get voted in on such a platform.
No. rule of government spending. "Once you give it away, you have hell ever taking it back."

Jim