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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (125739)	3/8/2004 8:55:48 AM
From: Neocon	Read Replies (1) \| Respond to of 281500

During the /20s, in the United States, only about 10% of the population was engaged in the stock market. As long as there are capital markets, there can be speculation. But even in a command economy, there can be speculative investment in the sense that the government over- invests upon cheery assumptions in certain sectors. So there may or may not be a situation of malinvestment, but you have not proven there is none. I would not do more than point to worrisome trends. Asserting that the disruption of the Chinese economy is my hope, my fantasy, is another of your boorish speculations on who I am and what my motives are. In fact, I would love to see China evolve economically, because it establishes a ground for social and political evolution, and I would rather emphasize the partnership aspect of our relationship than the competitive aspect. In any event, I find your insult sufficiently offensive to take another Bilow break. Keep it up, and I may make it permanent.

To: Bilow who wrote (125739)	3/8/2004 2:34:49 PM
From: TimF	Read Replies (1) \| Respond to of 281500

China is a Communist nation. While there is some speculation there, it's mostly centered in a few very wealthy areas like Hong Kong. The vast majority of the population has little or no speculation going on. Most of the population also doesn't participate in advanced manufacturing or trade with other nations. The coastal areas are booming with all the good (development, new wealth) and the bad (speculative bubbles) that come with that. The deep interior is third world or at least close to it. "I fear that it will turn out as it did with the Asian Tigers ..." No, this is not your fear, it is your hope, your fantasy. I can't read Neo's mind but I think its a fear. China having a situation like what happened to the "Asian Tigers" would be a drag on the world economy and so would hurt the US in an absolute sense even if it hurt China more. Tim