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

To: KyrosL who wrote (6520)	8/3/2001 1:23:47 AM
From: Maurice Winn	Respond to of 74559

Kyros, perhaps China will stop companies making profit. If they do that, they will remain a kind of human zoo, just like all the other xenophobic countries which crippled their economies in the interests of isolationism [the USA being one which has almost half the population who are economically illiterate and imagine that if they just cut off all the foreign trade, all would be well]. China tried lifting itself by their bootstraps and had 50 years of mayhem, going nowhere fast. It might be true that little has been made in the way of profits by foreign companies, but as Mucho Mass says, don't depend on the past to repeat itself as though we are driving down a road with crash barriers on each side. The future is NOT an extension of the past. We invent it and change our minds in seconds. If we all do that, adopting a new philosophy, bingo, the world is different, usually for the good, but very often to the bad. Companies must have profits or shareholders will not invest. China will kill its development quickly if they put the kibosh on businesses making profits. Yes, Made In China CDMA phones will be cheaper, but they will still buy QUALCOMM ASICs. 1 billion CDMA subscribers buying a new phone and other CDMA gadgets once every year or two will be a good little earner. They'll also export! Mq