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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (242626)	7/21/2005 8:06:41 PM
From: TigerPaw	Respond to of 1571810

China gives in over currency and scraps dollar peg business.timesonline.co.uk CHINA gave way to mounting political, diplomatic and economic pressures yesterday by scrapping its decade-old currency peg to the dollar, revaluing the yuan and paving the way for further rises in its exchange rate. ... The Chinese action reverberated throughout Asia, with Malaysia immediately moving to abandon its own dollar peg. Get ready for inflation China was the only thing holding the dollar up TP

To: TimF who wrote (242626)	7/22/2005 1:35:11 AM
From: tejek	Read Replies (3) \| Respond to of 1571810

Of course capitalism is imperfect. An human system or institution will be imperfect. Capitalism is just a better system than all the other economic systems, but it isn't perfect, at least not in any real world implementation. Its similar to democracy which is better than the other political systems but isn't perfect (again at least not once you move it from paper to the real world). The best of an imperfect bunch. Increasingly, I think the American brand of capitalism needs to be socialized a bit. The rich keep getting richer and the poor keep struggling to stay above water. The poor need greater support than we provide currently. Incidents like this school having to move in Afghanistan happen in this country as well. Non profit org. that help the poor are forced to move or are shut down because of rent increases or a opportunistic landlord. How can the American brand of capitalism be the best when such things happen here on a regular basis? OTOH without investment based on the profit motive, without applied capitalism, Afghanistan is going to remain in its current squalor. No one is suggesting to remove the profit motive. Aschiana pays $1,500 a month in rent — provided by donors, including the European Union and World Bank — but Kabul's race for prime real estate has pushed rents for alternative downtown sites to $9,000 a month. Then you would think they would move out of prime real estate. They have no choice but move; however, their client base is in or near the central district. It may be a less then perfect solution for the school, but life is a series of trade offs. With the poor doing most of the tradeoffs.........I understand. ted