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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: EPS who wrote (337)10/5/1998 1:53:00 PM
From: ahhaha  Respond to of 2794
 
The proof is easy. Outside of having corralled the world's wealth up until recently, they will do anything to retain their competitive position, including throwing away all their hard-won wealth. I capitalist countries you have high savings, low unemployment, low interest rates. The Japanese lacked the last element, low tax rates. That has definitely increased the process of chases capital elsewhere. Nonetheless, you can't create massive wealth without an incentives based economy and Japan is sine qua non in that case.

Capitalism has the dark size. Wealth sews the seeds of hubris and the emperor's new clothes, sews the seeds of its own destruction. The destruction is not complete . It only goes to extent of eliminating inefficient producers. Other so-called capitalist nations attempt to preclude that side of the process and in doing so, distribute the inevitable over time so that the next expansion of wealth cycle is muted or postponed.