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

To: smolejv@gmx.net who wrote (45205)	1/25/2004 5:00:14 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

I think the evaluation of country policy wisdom is crucial for investment success. The key is to strike a good balance between trickle up(soak the rich to give to the poor) and trickle down(the reverse). If we penalize profits too much then capital will flee and we'd have to rely on government to create jobs. Even left wing I don't expect good results from that. If we fail with public education and public transportation and public health we will get an inferior work force, hampered by their inadequate education, their difficulties in getting to work and the poor state of their health. So we can't just concentrate on encouraging the capitalists. Without a good work force and a good infrastructure the capitalist cannot make good profits. There's no torrent of investment towards the countries of low and stagnant level of education even though their wages are low. From the economic point of view, education in science and technology is the most important.