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Politics : The Citizens Manifesto -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (99)	6/17/2005 3:13:22 AM
From: Amy J	Respond to of 492

RE: "Your conclusion implies that the main determinant of economic growth for China and India was their political systems" This is a correct. India and China started out approximately at the same place in the 70s, but China doubled their growth due to the efficiency their communism delivered. In India, Democracy got Mrs. Ghandi thrown out, even though the policies would have drastically increased growth and reduced poverty. Meanwhile, China was free to implement programs for growth, while India had its hands tied. Below a certain GDP, Democracy is painfully slow - something developing countries have complained to former President Carter about when he tries to convince them to convert to Democracy. There's a great beauty in Democracy, but it can be the slowest common denominator below a certain GDP. Above a certain GDP, Democracy is the best. But smart people like the Congressional leader from Michigan (Mr. McCutter, I believe) wonders if China will shift into a more humanitarian style of government after they reach a certain GDP. Because if they don't, as he correctly said to Greenspan on CSPAN last week, it could lower the USA to their humanitarian standard. (Of course, one could argue that our humanitarian standard isn't the best - bullying, starting wars, etc.) Have you ever heard Sancho from southern LA talk? She had some really good questions for Greenspan, but she sort of wiggled her nose with disgust when she mentioned "those creative technocrats." I think she may dislike Silicon Valley, which is unfortunate because I really liked the good questions she asked Greenspan. Since I'm on the topic of Greenspan, he really did an excellent job articulating how our country needs to be preventive and take action sooner rather than later in order to spare resources by not waiting until something is a costly emergency to fight it. He was referring to our poor gradeschool education system. I was impressed with his talk because he's one of the few persons in govt that actually talks about being preventive and taking action sooner rather than later. I hope he continues to repeat his preventive message on education. [ Of course, I think he should also be more preventive about the real estate bubble by tightening credit policies. He should really take Ron Paul more seriously.] Regards, Amy J