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

To: BubbaFred who wrote (59078)	1/17/2005 8:25:37 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Rich people have pets Bubba. Americans and Europeans and Japanese can afford to keep pet farmers. Okay, not totally dependent, but enjoying cash flow from the more productive enterprises. The money that goes from governments to various bludgers, whether individuals, industry or farming isn't economically advantageous. It rakes in votes. That's all. China is doing very well without such bludgers. That's why the place has taken off. The government bludgers have taken a back seat, temporarily, and only in part, to those who are getting on and doing useful things. If the USA continues to fund bludgers by the million and China doesn't, and the totalitarian government doesn't pee it all down the drain in MAD ventures such as attacking Taiwan, then China could economically overtake the USA sooner rather than later. But that's unlikely. China still have political problems and that'll probably stymie them. If China copies the Europeans and USA on subsidies, that'll help ruin them. NZ went down the gurgler with all that nonsense. Still going. They are going to vote for more of it this year judging by polls. Mqurice