SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Cogito Ergo Sum who wrote (31213)4/9/2003 11:48:32 PM
From: Don Lloyd  Read Replies (1) | Respond to of 74559
 
Kastel,

Also it is dangerous to confuse ignorance with stupidity.

Not a problem, the American electorate never has to make a choice of one or the other.

Regards, Don



To: Cogito Ergo Sum who wrote (31213)4/10/2003 12:37:59 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
US, Canada, NZ, Australia advantage is to use English law. That's the advantage and that's what makes a difference. Ok, Bretton Woods also gave a good push!

Just as a disclaimer: Please, to avoid me laughing:
No mention of protestand Weberian protestant work ehtics, frigid winter, and other patting at the back, as a reason for the West to have grown rich.

Other countries, like Brazil, Indonesia among many, didn't throw overboard the legal frame work inherited from the colonial powers.

Keeping this legal framework was good for the budding ruling elutes that took power after colonial masters left.

Other point to note is that US, Canada, NZ, Australia, owing to their puritanical origins didn't interbreed with the locals which the Portuguese and the Spanish did, generating a whole lot of mixed-race people or mestizos. The more homogenous a country the better it is to get the crictical mass to develop.

Ignorance is not knowing facts and opening the mouth. This is the whole mass of the US supporting course of action such as the adventure.

Stupidity is knowing the facts but taking the wrong course of action and working against ones own self interest. And I mean long term. Not short term own interest.

The adventure falls in this category.



To: Cogito Ergo Sum who wrote (31213)4/10/2003 12:48:11 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
Juts pre-emptying the ones who will point to Brazil as a case in Point:

A Brazilian writes about The Economist's Survey on Brazil

Bravo Brazil
SIR – Your survey of Brazil starts with a question which is as unanswerable as Professor Henry Higgins's exasperated query on why cannot a woman be more like man (February 22nd). Why is Brazil not rich like America? You could ask why cannot Spain be more like Germany? Or why cannot Luiz Inácio Lula da Silva (God forbid) be more like George Bush? Cultures and people differ, for better or for worse.

Far from being a social and economic underachiever, Brazil is the only example of a success for western civilisation in the tropics (look at the mess that Britain, France, Germany and Portugal made in Africa). Brazil was built in a hostile territory larger than Europe. For nearly a hundred years it was the fastest growing economy in the world; the only constitutional monarchy in the Americas (while its neighbours changed voracious caudillos every other day); and the only military dictatorship which never had a dictator, changing its heads of state regularly every five years. It is the only democracy in the world where a man with Lula's background could be elected cleanly without bringing chaos and disruption to society and the economy.

Roberto Andrade
Rio de Janeiro

In case you don't know Prof. Higgins was talking about Audrey Hepburn (Elisa) on the musical "My Fair lady".