Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: longnshort who wrote (295190)	7/16/2006 7:22:37 PM
From: combjelly	Read Replies (2) \| Respond to of 1573564

"gee, there's no rich in Cuba??, there was no rich in the former USSR, no rich in China?" No. Not like we define rich. Those high in the party had/have access to things others didn't. They didn't own that stuff, the state did. They rented. They got to shop in stores that others couldn't. But even with the artificially low prices, their were closer to mid-middle class than anything like rich. Their children didn't inherit things except for personal items, nor did they keep them if they fell out of favor. I got to know a guy who was pretty high up in the Ministry of Science and Technology in the old East Germany. Some type of regional director. With reunification, he bought the house his family was living in. It was a nice house. Two cars, one was a Trabi though. Not a lot of stuff in it. In fact, my wife's parents are a lot better off. And they were school teachers in West Germany. Just to set a sense of scale. Things have changed in China since they went capitalist. You know they went capitalist, don't you?