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


To: energyplay who wrote (49379)5/3/2004 3:47:59 PM
From: tom pope  Read Replies (1) | Respond to of 74559
 
That reminds me of the time - 20 years ago - when the Fed examiners were critiquing our relationship with Mitsui Bussan, on the grounds that Mitsui had no track record.

Only since 1644 if memory serves



To: energyplay who wrote (49379)5/3/2004 5:16:12 PM
From: RealMuLan  Read Replies (2) | Respond to of 74559
 
So energyplay, do you think China get more bargain than the US does from the latest round of Sino-US trade talk?<g>

BTW, it seems that you dislike China's humility<g>?



To: energyplay who wrote (49379)5/3/2004 10:59:05 PM
From: Maurice Winn  Respond to of 74559
 
EP, < That is SO rich ! 5000 + years of a trading and civililization and still "less experienced".
>

A common mistake is to think that some "country" has 5000 years of experience, whereas the people have only been alive for perhaps 20 years or 80 years. If they grew up in a time when all books were burned and all universities destroyed, professors murdered or exiled as enemies of the proletariat, and education is changed to reflect the words of wisdom of Chairman Mao and hard labour and saluting made the norm, then there is no experience.

China has had over a century of colonial and internal mayhem. People are learning from the beginning, though they have the advantage of copying, rather than re-inventing the wheel. So, they go from the stone age to the CDMA age without bothering with twisted pair and party lines [in the telephone sense].

Young people can catch up really fast when turned loose and given access to the information they need and some encouragement. They don't get left generations behind, which is another common mistake people make. Each child born can catch up to anyone on Earth in their first 20 years.

Countries don't have experience, people do.

Mqurice