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To: Amy J who wrote (182629)	11/10/2005 8:53:09 AM
From: slacker711	Read Replies (2) \| Respond to of 186894

Efficient communism with intelligent intervention is much more efficient than capitalism. LOL! Wow, I didnt know anybody in the world still believed this. If you looked at India, you would realize that very little about their system was capitalistic up until 1990, and even the changes then werent enough to consider it a capitilst system. They are moving in the right direction but have a ways to go. Any state controlled economy can work well when they are making the right choices. Inevitably, they make a couple of wrong choices and the system rarely has the flexibility to change. Slacker

To: Amy J who wrote (182629)	11/10/2005 9:22:27 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Amy, RE: Efficient communism with intelligent intervention is much more efficient than capitalism. Do you have any support for this statement? Yeah, China is ahead of India in per capita GDP, $5600 to $3100. They are both far behind most developed, capitalist nations. Look at this list: cia.gov Correlate it with the Heritage Foundation's Index of Economic Freedom, a decent measure of the degree of capitalism in a country. heritage.org You'll find the two correlate well.

To: Amy J who wrote (182629)	11/10/2005 10:52:33 PM
From: Robert Salasidis	Respond to of 186894

We shall see how China handles its first recession, and possible future banking crises. Government is never able to make better choices than millions of individuals when it comes to long term GDP growth (as evidenced by HISTORY)

To: Amy J who wrote (182629)	11/11/2005 2:39:31 AM
From: Saturn V	Read Replies (1) \| Respond to of 186894

Dictatorship can achieve results faster than a democratic setup. But it does not always happen that way. You are citing the success of Singapore and present day China, but most totalitarian setups are not as successful. Most dictatorships run amok although there have also been spectacular successes. Stalin was very successful for a while, and so was Hitler, and Mussolini made the trains run on time. More disastrous examples are Haiti,Burma and Cambodia. Latin America has frequent spells of strongman rule but with lackluster growth. Maos China had very mixed results and so did the Soviet Union. Japan,Taiwan,Korea, Malaysia and Thailand have done well without totalitarian rule. Very few authoritarian regimes are successful for long. In emerging nations, people tire of the slow democratic process and yearn for a benevolent dictator. Most of the time they are bitterly disappointed.

To: Amy J who wrote (182629)	11/11/2005 6:32:28 PM
From: TimF	Respond to of 186894

OT Re: "Government intervention is why China is way ahead of India. " Government intervention is one of the reasons India is behind much of the rest of the world. Fortunately India is lifting a lot of that intervention, and partially as a consequence of that they are growing at a good clip, but the decades of heavy intervention (and poorly designed and implemented intervention, its not just the size of the intervention but its nature and the skill or lack thereof in implementing it) left it with a lot to recover from. Tim