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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2968)	3/23/2004 2:51:51 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

a good collection of Chen's photos: before, during,and after the shooting, with Chinese captions home.kimo.com.tw

To: RealMuLan who wrote (2968)	3/23/2004 4:54:11 PM
From: Dan B.	Respond to of 6370

Re: "I read that China has had higher increase for its productivity during the last decade (Marc Faber or someone said that) comparing with a lot of developed countries, so whether private property rights are implemented or not, does not really matter." That is not logical at all, I'm afraid. Nothing at all in that would tell us that Property Rights won't cause an even greater increase in productivity. Re: "Keep in mind, the vast majority of the current super rich in China, although the number is very small, obtained their "private property" by corruption or tax fraud. So don't be too sure about your assumption" This is altogether irrelevant to my "assumption," having no effect upon the logic there-in. In fact, Property Rights can lead to preventing the things you note, and certianly add confidence in the minds of those who work and expect to own property as a result. The reasonable expectation of Property Ownership is certain incentive for individuals in any society, at any time. Dan B.