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

To: Stitch who wrote (7041)	10/9/1998 7:25:00 PM
From: shadowman	Read Replies (2) \| Respond to of 9980

Stich, I appreciate your comments, and you make a couple of good points. I didn't mean to infer that no economic progress has been made in the region since the end of WWII. Although you did seem to cherry pick a few of the more contemporarily prosperous urban areas as examples? :) Your right, I have not been to Asia for longer than I'd care to admit and you certainly have the advantage over me in that regard. The point, made by Perky, was the lack of consumerism in some of the export dependent countries, I postured that possibly the lack of reasonable wages for the inhabitants of some of these countries might be a factor? I think the question of a more equitable distribution of wealth is a valid one. I know to some sensitive ears this rings of "socialism"....but government can play a positive roll in seeing to it that it's citizens are not exploited. The concept of a positive roll for government may be a bit out of fashion but the ideal is still one worth postulating. I don't care if you're Marie Antoinette or the Russian Czar or some mandarin land owner..."Let them eat cake"..."Let them eat rice" and denying the potential festering unrest of the masses of citizenry in any country, is a recipe for disaster. 1930's America was an example of that to some degree. I don't mean to wag my finger at employers, governments and banks.....and these inequities are not foreign to the good old USA, $70,000 semi skilled union jobs aside, but the lack of a large relatively prosperous middle class is a detriment to any country's economic well being and probably it's political well being as well.( I may have gone to the well a bit too much there) So to point out that this could be a contributing factor and the powers that be seem to be short term beneficiaries of this situation and blind to the potential long term repercussions, seems reasonable to me. You certainly have a right to disagree with the substance and the tone. Hope things are going well for you.