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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (5337)	4/6/2006 12:40:19 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 218800

All that's happening is that China is finally joining the modern capitalist world, but they are still living in the serfdom Big Brother political system. As with Britain when the British Empire reached greatness, the USA will probably become fat, dumb and happy and the values which created the phenomenal success will be forgotten as indolence and ignorance and dissolute behaviour becomes more common as it did in Britain. That seems to be an inevitable trajectory, reputedly over three generations from rags to rags and I suppose therefore by country too, not just family. The first hardworking generation makes it. The second generation still is imbued with work ethic and good values. The third generation struggles with such concepts and has a sense of entitlement, at best keeping the assets on the rails, but usually seeing them dissipated. I suppose countries go much the same way. When they adopt the essential virtues, they take off. It takes a few generations to really get to top of the pops - Japan, Singapore, South Korea, Taiwan took half a century [2.5 generations]. Those who worked hard 70 years ago and established the success 50 years ago are still alive with their values intact. So are the succeeding couple of generations. I suppose China will take a comparable path and it will take another 30 years to become top of the pops, provided they don't mess it up in the meantime. Totalitarians have trouble not messing things up, so I guess they will. They are too arrogant and megalomaniac to do things well. Democracies can throw the rascals out. But the USA is maintaining the overall political impetus which keeps the cash flowing, so I would NOT count them out yet. I am not going to send my money to China for tender loving care. I trust the USA a LOT more than China. I don't mind QUALCOMM investing there as they have the backing of the world's biggest and toughest ever military and economic system and highly successful political system. If China gets too smart, the USA can cause them to think a few times about how it would be better to play nicely. Mqurice