Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jay Scott who wrote (7230)	10/20/1998 7:12:00 PM
From: Henry Volquardsen	Read Replies (2) \| Respond to of 9980

But I am increasingly incensed at their willingness to take credit where none is due, yet dismiss all responsibility when things go wrong. Jay, I absolutely agree with that. But that has been the nature of politicians since time immemorial. We might as well complain about the tides. But I do share the frustration. I particularly marvel at how the current president maintains his job approval ratings when he has done very little in his 6 years. I absolutely agree with your comments about the cold war. My specific response to you was more on the order of not giving Asian politicians a free pass for having created the mess they are in.

To: Jay Scott who wrote (7230)	10/21/1998 8:02:00 PM
From: Sam	Read Replies (1) \| Respond to of 9980

Jay, Henry, Have read your dialogue with interest, and agree with almost all of what you say. However, one somewhat OT disagreement, Jay. You say, "Tough leadership won the Cold War and set the stage for the stooges that now inhabit power." Actually, I think it is somewhat more accurate to say that the "Cold War" was lost by the USSR rather than that it was "won" by "tough leadership". They rotted from within, both because of their fundamental corruption, and because of their pretensions to being able to actually centrally direct their economy in the way that they did. They simply fell apart. A similar argument, I think, could be made about the problems besetting the Asian countries today. They had/have similar pretensions and similar corruptions (though obviously not exactly the same--would get us way too OT to try to detail the differences). Also, on the topic of politicians taking credit for good times when credit was not due, please read (or reread) The Triumph of Politics, by David Stockman, on the first few years of the Reagan administration.