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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (17952)	6/3/1998 4:16:00 AM
From: Barry	Read Replies (1) \| Respond to of 25960

hmmm. interesting post. >> I think it's part of a long-term trend: U.S. and European companies taking over the world economy. As Japan's 7 year decline and the implosion of the "Asian Tigers" suggests, the "Asian work ethic", at least insofar as it applies to national economic success stories, is just a bunch of bull.<< LOL! Japan's 7 year decline is a decline in the stock market. (actually 9 years running) Don't confuse that with a decline in their economy. They are far wealthier than most if not all nations on a per capita basis. A small side effect of continuously saving and exporting. That can't last forever, though... in the long, long, long term there will be an economic equilibrium when all nations enjoy approximately the same wealth per person. Japan's economy was bound to slow down after creating such a huge disparity in wealth relative to other nations. At the high their stock market enjoyed an astronomical pe ratio... What MIGHT save the US stock market indices from suffering the same fate is the continuous replacement of poor performing companies with companies performing well...leading to inflated market performance results. >> These countries should go back to doing what they do best: building cars, stereos, and other gadgetry at a lower cost than American businesses are able to, due to our higher wages, which are in turn due to the fact that Western society is imbued with a higher overall level of empathy and respect for people's health, happiness, liberty and well-being (otherwise known as basic human decency).<< you're on a roll! However, I beg to differ. Respect for the power of free markets has fueled this nation's growth. Attributing success to qualities related to 'respect for human decency' is as politically correct and politically naive as one can get imho... BTW, isn't unemployment far less in Japan or Singapore than it is in France, Germany, or England? (let alone Ireland, Italy, Portugal, etc.etc.) I'd say Asia Europe and the Americas each have their share of success stories and problem plagued countries, as well. >>Our high living standards and world dominance in practically all spheres of human endeavor, including Art, Music, Economics, Science, Warfare, Politics, Religion, Philosophy, Literature, etc, etc, etc, << Last I heard 30% of the children in this country live at or below the poverty level (think I read this in the WSJ). Lots of persecution went on in this country as recently as 30 years ago... And our system allows one of the biggest liars on the face of the earth to become President. Oh, don't forget the laws in the US are created mostly by lawyers and people from the insurance industry...which in turn help to benefit themselves at the expense of the greater population. Music: Spice Girls. NWA. Poison. yeah baby... Warfare: Is this something to be proud of? Did this 'higher empathy and respect for people' lead the powers at be to drop a couple of nuclear bombs on Japan, creating generations of a cancer plagued population? Other than economics and science, I think you've got some reexamining to consider. And for now, we'll forget that something like 50% of the graduate students studying the sciences or engineering in the fine universities of this country come from other countries... Hmmm...maybe it isn't the 'western quality' of the US or Europe that drives success... maybe the US is the best example of how free markets function to allow excellence to succeed, no matter where the origin, and that success in turn breeds more success. >>...couldn't possibly ever be emulated by societies in which wives are burned, children are starved, infanticide is routinely practiced, dissidents are tortured, minorities are persecuted, and dictators fluorish...<< Looks like Germany was able to overcome all of the above and more from the 1930s and 1940s...what makes you think some of the countries in Asia currently experiencing problems with their leaders can't bounce back and flourish? barry