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

To: Mary Cluney who wrote (46355)	2/16/2004 12:54:09 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

<If we are the best and the brightest (in a lot of ways I think we are) I am really afraid what is out there in ROW.> Mary, I don't have the data other than guesswork, but I suspect the USA has a wider spread in the distribution curves than most people. More anorexics and more obese Sumo types. More high IQ and more Jerry Springer crowd. More murderous and more peacable. More thinkers and more non thinkers. More creative and more couch potatoes. More wealth and more poverty. Other countries are more narrowly concentrated around the middle of the bell curve. Because the USA is one of the largest countries in population, it also has a LOT of each. So, they can rustle up a herd of high IQ people with creative bent at the flick of an IPO. Or they can fill a studio with squabbling morons at the mention of "as seen on tv". The ROW is more narrow. Japanese are nearly all smart, all wealthy, all conformist, all polite, all quiet. Indians are gathered around the poverty line, all civil, all calm, the smart ones have left for the USA on scholarships but those left are average. Unfortunately, because of the team supporter effect, the followers think they are as good as the leaders. They are not. They get the benefits from the leaders, and think they are as good. The British had that halo effect develop during the British Empire and many became insufferable. One instance amused me but was very instructive. At Speakers Corner in Hyde Park, London, in 1974, I was listening to a well-dressed, well-spoken, intelligent and reasonable man with good demeanour and bearing who was negro. I forget what he was saying, but sometimes what people say there is contentious and provocative. I think what he was saying wasn't particularly contentious or provocative. A snuffling little old man, dirty, disheveled, the antithesis of the gentleman speaking, came along and called out "Why don't you go back where you came from?" The speaker asked him where he should go as he was born there, and he did have a posh pommy accent though without the plum in his mouth. The loss of Empire and decline of Britain with the British Disease was near complete by then. The Jerry Springer Americans think [being generous] like the snuffling old pom that they are better than smart, nice, civilized, educated Indians who bid a lower rate than the wealthy Yanks. Jerry's mob thinks they OWN those jobs and will vote out anyone who doesn't give them their entitlement. Electorates are very scary. Mobs are irresistible. A herd of sheople is as intelligent as a flock of sheep. Jerry's mob can't understand the global money-go-round. They don't understand that their wealth derives from low cost producers overseas. Software and services from India, semiconductors from Taiwan, computers from Vietnam, shoes from Indonesia, armadas of ships full of goods from China, all done for not far off $1 a day. Actually, it's more than that, but still a fraction of the price of hiring people in the USA - where there isn't enough unemployment to do even a tiny fraction of the work that would be required. Mqurice