To: Joe S Pack who wrote (38458 ) 9/20/2003 2:19:33 AM From: Seeker of Truth Read Replies (1) | Respond to of 74559 Hi Nat, Your kids didn't get a science teacher because the low salaries offered couldn't attract people who had some science training. County, state, federal --- no level wants to spend what's required, let alone demand certain standards. Those in control mostly send their children to private schools. It's the real tragedy of the US. Lots of rich people here in Canada want to imitate the US. Apres moi le deluge. Socialism fails because it does not offer good ways to reward inventiveness and diligence. Capitalism fails because the rich acquire the dominating political power, allowing them to minimize expenditures on education and health and often maximize expenditures on military adventures. Investing in the best companies of countries that go the middle way between socialism and capitalism seems to me like a reasonable investment strategy, in principle. In practice doing the research to find the good companies is difficult, particularly since those countries' citizens don't feel impelled to buy stocks to protect themselves against the otherwise inevitable old age poverty. So the stock markets are not active, literature about individual companies is not abundant and many important companies are private. Another strategy which proved tremendously successful in Japan in the period say 1964-1992, was to invest in manufacturing in an economy where millions and millions of farm boys and girls were turning into factory employees. (Now there are very few such farm "boys and girls" left in Japan now. The farmers are mostly old people.) China is such a place now. The key thing is to find some managements who have the viewpoint of gaining the shareholders very long term respect, so that their name alone brings loyal investors. They want to build an edifice for their grandchildren etc. to enjoy. Who is able to solve that problem will make an enormous fortune, I believe, at the same time as these particular Chinese entrepreneurs are doing so.