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

To: RealMuLan who wrote (36498)	7/25/2003 12:03:26 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Hi Yiwu - Democracy was neccessary for capitalist development in the West as it transformed from feudalism to various forms of nationalism. Much of Asia has bypassed that transisition, due to displacments of World War II. Democracy is actually an impediment for rapid developmnet WHEN a country is VERY POOR, like South Korea and Singapore were. FOrced saving is needed, and this is politically difficult when peoople are actually hungry. After the early stages of development, democracy becomes increasingly useful. Examples - The less-than-democratic state (dominated by the LDP) in Japan has kept them mired in a quasi-recession for a long time, lead ot mis allocation of capital, and produced a number of serious crisises which could have wrecked a very successful economy. South Korea and Taiwan have been more democratic and much more adaptive to problem solving. A Kim Dae Jung equivalent could not have been elected in Japan.

To: RealMuLan who wrote (36498)	7/27/2003 4:09:53 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

China shows its attitude to freedom. dalailama.com <Arrests have resulted from peaceful actions ranging from the possession of a picture of the Dalai Lama or the Tibetan national flag, the voicing of ‘Free Tibet’ or a non-violent demonstration of just a few minutes duration. Over 6,000 monasteries, temples and historic structures have been looted and razed, their ancient irreplaceable religious art and literature destroyed or sold by the Chinese.> China + Freedom - is it chalk and cheese? Mqurice