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To: Ramsey Su who wrote (14444)9/2/1998 1:22:00 AM
From: JMD  Read Replies (2) | Respond to of 152472
 
Ramsey, you have to tell me why this is any different--'this' being the Japanese situation. The politicians are lame brains, duffus brains, idiots. The system is in paralysis. Agreed, agreed, agreed. I have posted nothing but warnings, screamings even, that these guys couldn't make a decision if their life depended on it. And economically I would argue, their life does depend on it. But that won't change human beings, and, especially, tradition which the Japanese take to a new art form.
The sooner they fail the better--by fail I mean that there is a political rout. The old guard--and I've been to dinners with them in the home land--soaked in the hot tubs and drank gigantic bottles of beer till every appendage turned into a prune--will not figure this out. I flat guarantee it. Once they got hammered, they spent the rest of the evening telling me how they 'really' won WW2. Hello? But these are the big guys and they hold the power--now. Time for a musical change of the chairs. You want my vote, no I didn't think so, but here you get it anyway: Japan will rise when its magnificent people gather the courage to throw their instiutional/political bureaucracy out. I say again: what they've got there now will not, cannot, have not, got the "stuff" to see.
So, chicken little, who has a better claim to pessimism on the Asian front now? Told ya, now let's play golf. :-) SM