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

To: Condor who wrote (50100)	5/17/2004 10:39:56 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Notice that the market didn't beat India before the election. The case of Gandhi winning and not forming a consensual government was not priced in. Compare that with the period before and after Lula's election. Brazil is very well known, so the market react just in case. In India, the market slept only to wake with the possibility of the Communists (yes, communist parties exist in India!!) not forming a government with Gandhi and she gets bogged down. Communists of the Left from are supported by the employees of state-owned enterprises and they don't want privatization. Based on the countries that I have lived and the I have born democratic process is high-jacked by established governing elites for their own benefit and self-perpetuation in power. When you say: for Nigeria, democracy is crap. People tell, that all the others are worse than that. That's the only defense for the democratic form of government!