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To: djane who wrote (7564)	9/5/1998 10:53:00 AM
From: chirodoc	Read Replies (1) \| Respond to of 22640

<<<<. But, it just doesn't seem to be working for 90% of the planet. ....disagree with you profoundly ....emerging markets are not struggling due to free markets ....the countries that are sucking big time either have not deregulated sufficiently (japan), have huge amounts of debt or deficits (indonesia, russia, malaysia, brazil, venezueala, etc.)or are still quite centralized and full of crony capitalism (russia, indonesia) ....the problem is debt and mismanagement .....if you can't live within your means is that the system's problem? curtis

To: djane who wrote (7564)	9/5/1998 1:59:00 PM
From: John Soileau	Read Replies (1) \| Respond to of 22640

Hey, djane, that was quite a rant! Wow! But I just can't see how the "system" is to blame for the current low resource prices. I think it is a cyclical market phenomenon, not the product of nefarious design by the developed countries. You said: -Based on empirical evidence, the current global economic system is designed so that the rich get richer, the poor get more and more impoverished. Commodity prices are at a 22-year low with no end in sight. We want to sell them value-added products and services, but what will we let them sell us in return?- But copper was $1.15 not long ago, gold was near $400.00, oil was $19.00, and noone was complaining then about the effect of those nice prices on developing countries. What happened was that those prices caused an increase in SUPPLY--which would alone have pressured the commodity prices. Unfortunately, DEMAND has also been in a downdraft due to the asian flu and slowing economies all over. Supply up, demand down equals "22-year low with no end in sight". It really isn't a case of "what will we let them sell us in return?" Another rant that might be interesting is: How much LESS impoverished would the developing countries be now if they: 1) had refrained from embracing state-controlled socialism from liberation forward; 2)now had in their treasuries all of the money stolen, diverted and pillaged by their OWN leaders; and 3)had put in place an open and transparent environment for international trade and investment? How much less suffering would their citizens face now? How much less vulnerable to "hot money" would their currencies be now? Let's rant, it's a 3-day weekend! John

To: djane who wrote (7564)	9/5/1998 3:34:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 22640

Djane, you may be stumbling toward some truth amid the rubbles of 'free market' lip service and triumph of Greed over Humanity. Oh, why not? Didn't these countries deserve the financial chaos? Aren't they corrupt, dictatorial, backwards people? It is their fault for believing in our dream of worldwide prosperity and working their butts off for $1 a day to improve their lives only to realize that all the wealths have been stolen underneath them! Hey, isn't it a free market that George Soros is smart enough to bully these central banks to make billions of dollars for himself while impoverishing millions of people? Now we have used them to get our cheap manufactured items and destroyed their currency let them take care of themselves. We shall shut our borders and tell them to shape up! Ok. I just had to get those angers off my chest. People, do you realize that largely American currency traders and hedge fund managers have been waging wars against central banks of developing countries for most of 90's? That their tactics are worse than what greenmailers did for personal profit during the 80's? And what is emerging right now is 100 times worse than US savings and loan liquidation? Using US financial strength and multiplying it with unregulated derivative instruments these financial entrepreneurs have become a global Goon Squad attacking and destabilizing world currencies whereever they found weakness. They say it is a financial free market! Bull$%&! Ruled by these financial thugs, the global financial market has grown to dwarf the real underlying economy of the world. Not only is the tail wagging the dog, the tail is killing the dog! What do I mean by that? These fing hedge funders and currency traders are jumping on the remnants of Bretton Wood currency system - satisfying their unquenchable personal greed while in the process totally destroying stable world trades- and economies of many developing countries. If you are Malaysia or Thailand, why would you work for a dollar a day, save, and invest for future when these financial goon squads can rob everything straight from your central bank?? If you kept losing on Las Vegas crap table, what is the best thing to do? Stop going to that f*ing gambling joints where you are guaranteed to lose!!! So there is the financial free market for you!!! You lose fruits of your year-long backbreaking labor in matter of minutes while some Princeton educated yuppie currency trader counts fresh millions he made that day. Hey it is a great world, isn't it???