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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: rich4eagle who wrote (282323)7/31/2002 2:20:57 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 769670
 
You make a good clown. Have you tried out for the circus?

So do you think Hoover cause the '29 crash and depression or not? Or was it caused by the bursting of the bubble characterized the late '20s? Because whatever the answer to those questions are, they apply equally here.

And your political bias in favor of Bubble Billy doesn't change a whit of it.



To: rich4eagle who wrote (282323)7/31/2002 2:42:35 PM
From: Dr. Doktor  Read Replies (2) | Respond to of 769670
 
Here is a story that you liberals might want to take note of. The moral of the story is that socialism doesn't work.
Never has...never will.

DOC

SEOUL, South Korea -- As North Korea embarks on a fresh spurt of diplomacy, courting both the United States and Japan, word is leaking out that the secretive state is slowly dismantling a 50-year-old pillar of its socialist economy.

Over the last month, the army-backed communist nation has decided to stop giving out rations to its 22 million people -- which they use to get food and other necessities -- replacing that with a system of market prices and higher wages.

While many details remain a mystery in this Stalinist state, it appears that workers' salaries are to be hiked and at the same time once-free rent and utilities will have to be paid for, according to wire reports, which said the changes have been in effect since July 1.

North Korean officials outlined the plans to foreign diplomats in Pyongyang last week, acknowledging they were a bid to boost a shattered economy and make central planning more efficient, rather than being a wholesale shift to capitalism.

The reforms follow in the wake of the isolated and hunger-stricken country saying in March that it would open up for joint ventures and modernize its economy.

Such moves are a marked departure from the North's ruling philosophy of juche, or "self-reliance," which has guided it into diplomatic isolation and led to a famine that has killed hundreds of thousands of people since the mid-1990s.