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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (1667)	1/28/1998 10:32:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 9980

Dick Armey on 'Crony Capitalism' in Asia & IMF. Worswick and all: Our Honorable Senator from Texas Richard (Dick)Armey was on NBR last night and made some comments about the crony capitalism in Asia and IMF.I thought his comments were very interesting and valid.Some of the points he raised were as follows:- 1.Capitalism creates and it destroys. 2.Asians have Crony Capitalism 3.On Asians attitude about the finacial help-"give us your money but don't tell us what to do." 4.On IMF- Americans need to rethink any additional funding for the IMF as we do not know what they are doing and/or we do not know what the details of their conditions under which they are lending the money to the Asians.There needs to be an open debate about this issue here in the U.S. Since the allegations made by Armey seems to be legitimate,I would like to know what y'all think about it,if anything.