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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (5944)7/17/2001 1:51:09 PM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Precisely. But we need to get rid of the governing elites that are holding them down.

See the case of Europe enlargement. It is not re-colonization but countries in order to join have to adhere to the principles of the European Union. They have also to abdicate of some sovereignity.

In return they get investment and marktes. It worked for Ireland, Portugal, Spain and Greece. It is going to work for Czech Republic, Poland and Hungary and so it goes...

In the case of SE Asia, Latam and Africa the things could be a bit different. There it needs some sort of re-colonization.

That's because under our today's moral standards it is not possible to get rid of governing elites the way Czar Nicolau, Luis XIV were dealt with.



To: Ilaine who wrote (5944)7/17/2001 2:04:54 PM
From: Don Lloyd  Read Replies (3) | Respond to of 74559
 
CB -

...The next abracadabra is education. The wretched of the earth need to learn to read, write, and do arithmetic. After that comes higher math, medicine, and law.

Also, they need infrastructure - roads, bridges, power generators, water purification plants, sewage treatment plants.


None of these things are primary.

Unless the individuals emigrate, or telecommute internationally, their education is wasted in the absence of a government that respects and defends private property rights and in the absence of a division-of-labor economy that runs on free market prices and the profit motive.

Infrastructure by itself without an economy that can use it is just another public works project like the pyramids.

Regards, Don