To: Ronald P. Margraf Sr. who wrote (4720 ) 12/24/1997 2:25:00 AM From: Wade Read Replies (2) | Respond to of 116741
Ron, I have been anti-communists all my life. I still keep my watchful eyes on their moves very carefully. I still remember the Chinese communists' true faces and tactics vividly. I felt very sorry for the new generations of the whole world, because of they have to learn the lessons all over again. The Chinese are still threatening their neighbors all the time, but the whole world keep on ignoring that. Is the potential business opportunity over weight the wolrd peace. Is the threat too far away from home so that we can ignore it? However, when I see the Chinese people are changing due to improving economy and importing of capitalism. The taste of freedom is really rocking the foundation of the old communism. They are at the point of no return. It is time for them and the rest of the world to learn from each other. What we need to see is how the new communists handle the new world. It is obvious to me western world wants to do business with them. Greed is the driving force. A giant international company can not afford to lose the Chinese market and cheap labor to its competitors. That is probably the reason why they abandomed their principles one after another. The Chinese know how to play this game very well. The inflow of investment is instant cash gift for them. Of course they will take it. It is more and more obvious to me that a major portion of the investment in Asian countries is shifted to China. The growth momentum of the rest of Asian countries are suffered for this reason. I said China is a money vaccum cleaner is because if it really sucked money away from this area and then devalue it. Therefore, the foreign investors have to keep on raising investment capitals just to keep up the inflation. The key to survive in Asia is to have high degree of freedom, creativity, education, and, clean government and low taxes. Sincerely, Wade