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To: frankw1900 who wrote (2584)	6/29/2001 8:02:26 AM
From: Don Lloyd	Respond to of 24758

frank - ...I've read ahead in the posts and there has been praise heaped on capitalism/free markets as the wealth and democracy creator par excellence. ... It is the existence and protection of private property that is essential to capitalism, not democracy. Nor is it obvious that democracy is necessarily the result of capitalism, unless the result of wealth includes the ability to buy or lease politicians. Regards, Don

To: frankw1900 who wrote (2584)	6/29/2001 12:37:13 PM
From: M. Frank Greiffenstein	Respond to of 24758

I don't think it's a good idea to compare Germany and Japan I think its a very good idea. Both have long practiced "corporatism", where a few businesses are semi-officially "annointed" as leaders to be protected from competition. Just look at the recent decision not to allow GE and Honeywell to combine operations in Europe. The express language of the statement was that certain European "national champions" would be negatively affected by the merger. I agree with you that the social welfare system of Germany (and Europe in general) is a democratic choice. Their societies have reached a consensus (and a broad one), that they want cradle-to-grave systems. They got their wish. But I am nothing if not fair. Dubya wants to repeat the same mistake here with steel companies for momentary political expdience. Doc Stone