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

To: TobagoJack who wrote (57823)	12/30/2004 4:08:49 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, I think you are correct that the man in the street would vote for countries having experience and the Earth is flat and Santa will save them. Which as you go on to say, begs the question as to whether they are correct or not. But it's not the belief in the experience or not which matters. There's no self-fulfilling prophecy as a result of the belief, or not. The experience is only an input to what is decided and how the proponents of different ideas react and act. Your point was that the experience is a big advantage. Which begs the question as to why the experience was not much use in economic development until USA and Japanese capital and global markets turbo-charged the efforts of newly-capitalist China. We can't blame being colonized, or defeated in war, as Japan was defeated in a big way as was Germany and look at them succeed not long after WWII. Singapore and Hong Kong were colonized and they look pretty good. As you say, the perception of experience will guide actions, which isn't to conclude that any particular actions resulting from the misconceptions about experience will be either advantageous, or disadvantageous, to the confused. Perhaps more important will be the more recent experiences involving actual wars and modern equipment. Not to mention training quality. 2005 promises to be interesting. Mqurice