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

To: Joe NYC who wrote (346972)	8/15/2007 11:35:55 PM
From: combjelly	Read Replies (2) \| Respond to of 1575422

"Poor choices, or even catastrophic choices can be made even in the planning process. " Sure. But, look at New Zealand. By 1984 their economy was in shambles, they owed huge sums to the IMF and their prospects were dim. They made a plan with an eye to the future, privatized those things that made sense and were long term viable, floated their dollar, removed the system of controls and tariffs and totally revamped their tax system. And much of their success is a result of careful planning and being pragmatic. Not everything turned out as expected, but because they weren't driven by ideology ("private industry is always more efficient than government") they avoided a lot of the traps that other countries who tried to privatize based on ideology. Now, their biggest problem is that they don't have enough trained people to keep up with their growing economy. They have cut their debt load, their economy has been growing at a good clip and things are looking good for everyone there.