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

To: arun gera who wrote (24991)11/9/2007 9:25:41 AM
From: Maurice Winn  Read Replies (1) | Respond to of 217750
 
Arun, I've read this half a dozen times and don't know what it means. <Capitalism takes the 6000 years of wisdom, tradition, and cultural bonding, monetizes it and then exhausts it within three generations. For china, 1.5 urban generations has been used up. However there are still three rural generations to come.>

I guess it means capitalism is bad and slavery is good, but I don't understand the process you are describing.

Capitalism has been running continuously for a LOT longer than 3 generations. Where it runs, people do better. Where tribalism, kleptocracy, serfdom or slavery exist, people do worse. The more there is, the worse they do.

Mqurice



To: arun gera who wrote (24991)11/9/2007 9:31:19 AM
From: KyrosL  Respond to of 217750
 
So, you think China was better off a couple hundred years ago, at the tail end of its 6000 years of wisdom?


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