Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (82524)	7/25/2000 12:37:29 AM
From: Simba	Read Replies (1) \| Respond to of 132070

Bilow: Most third world countries have the institutions you talk about: Import/customs taxes, Gun control, social programs etc. to a larger extent than the USA. Although they are cited as the reason for them being poor, the situation is deeper than that. Even if capitalism is imported into these countries they are sometimes bastardized forms a.k.a crony capitalism e.g. Malaysia etc, where a currency crisis can cause social and political upheaval and big wall street houses can play havoc with the little guy by sucking out their investments in a moments notice. What I really meant to convey in my article is that the Clinton/Gore Whitehouse, wall street and the Fed under Green Span are under the impression that the PC/Wireless/Optical Internet economy will cure the poverty and hunger in these third world countries. Even now some of these countries do not have extensive telephone network. They have a lot more basic infrastructure issues to take care of before they can effectively use the Internet. Now that the PC market in the US and Europe is getting saturated the IT/Net companies are clearly eager to sell their wares even if it means that they have to pretty much finance the deal 90%. If these third world countries get some sense and not gulp down every IT stuff that gets thrown their way you can see a sharp decline in the so called blue chip techs like Intel. Simba