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


To: TobagoJack who wrote (16293)3/6/2002 4:33:36 AM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
<Say bye bye to India, a make belief country with ineffective laws, political dynasties, antiquated systems, falsely valued mutual fund, and an unjustified confidence in what they had never managed to do..>

Oh, I'm not too sure about that. Anyone who treats religion as more than an after-hours social club, or teleological discussion point, tends to have a hard time dealing with reality, so India does have a large problem with that, compared with China. Nevertheless, there are plenty in India with a balanced attitude to life and I believe it is their socialist ideology and xenophobia which are the main things holding them down. The xeonophobia shows as restrictions on capital flows.

That can change really quickly. Minds don't have momentum. They can switch 180 degrees in an instant. Especially when the next generation comes along. It usually takes some leadership, but sometimes changes just seem to bubble up everywhere simultaneously.

China went from Maoism to black and white cats almost overnight. What a spectacular change there has been.

Mqurice



To: TobagoJack who wrote (16293)3/6/2002 9:27:34 AM
From: Ilaine  Read Replies (3) | Respond to of 74559
 
>>Say bye bye to India, a make belief country with ineffective laws, political dynasties, antiquated systems, falsely valued mutual fund, and an unjustified confidence in what they had never managed to do..<<

Hi Jay - I usually think of you as one of the most reasonable of men, but sometimes you surprise me. Your hostility to Japan surprised me, and now your hostility to India surprises me.

Makes me wonder what other elite Chinese in PRC are like. Very militant, I fear. Why?

Maybe when it's time to be the hegemon, these things just happen. Like bees swarming. The drive to go forth and multiply is one of the strongest.

>>India, OTOH, is slipping into religious civil war.<<

Muslims all over the world are attacking whoever is nearest and not Muslim. Could be population pressure. Very high birth rate, no job growth because no industry.

But the meme seems to be infecting Muslims in places without population pressure, like here.

We talked about this last year, before 9/11. I think you thought the idea of Muslim violence keeping the US busy was good for China. I wonder if you still think that.