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To: fyodor_ who wrote (66185)	12/24/2001 9:16:45 AM
From: kapkan4u	Respond to of 275872

There is a perception here in US that European countries have hurt themselves economically with social engineering and excessive regulation. Companies like Nokia have succeeded in spite of their governments. Love those German cars and Dutch cheese, though. Kap

To: fyodor_ who wrote (66185)	12/24/2001 9:36:53 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 275872

Fyo, I would rather say the the ccorporate governance exercized by European governments sucks and not companies them selves. they suffer under socialistic archaisms. For some reason the Euros seems to prop up failing companies long after they would have gone the way of bankruptcy in the USA. As a resuly Europe has a higher proportion of these monolithic dodo companies that should be extinct. Sure there are exceptions, Nokia as well as many others I am sure. A good parts of the sucess of Nokia was the failure of the FCC in the USA to promulgate a set of uniform standards. That meant that the USA cel market was fragmented into many niches whereas the Euro market was one large uniform standards bloc. The import bias against USA products and the economy of scale of a huge market was what handed Nokia their huge leap on many USA companies who lacked the economy of scale(the USA market was larger, but the different standards meant inoperability and smaller markets for each product) Motorola is also one of those monopoly based mindset companies and they have had their problems too, but they seem to be coming out of them. The Euro system fosters high levels of unemployment because factories in good times will stretch out delivery times instead of hiring new workers since after the boom fades they cannot lay off those workers and the cost of those workers eliminates the advantage of hiring them, so it is better for Euro companies to back order goods for longer periods in boom times. This means that Euro companies can not take part in boom times as well as USA companies. The counter is less deep crashes as the workers stay employed at make work tasks. This failed in Japan and it is failing in Europe too. This depression will hurt Europe a lot more than the USA unless they change their employment practices. After all unemployemnt in Europe is routinely 2-3 times what it is in the USA and it is the Euro governments that do this. Bill