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

To: Michael Sphar who wrote (8096)	2/24/1999 10:19:00 PM
From: Dayuhan	Respond to of 9980

This is not to say that sweatshop situations don't exist but that opportunities for both the sweatshop and personal economic advancement exist. Life is what you make of it. There is a prevalent practice here known as labor subcontracting, in which as much as half of the money a foreign manufacturer thinks he is paying to his local employees actually ends up in the pocket of the subcontractor. The subcontractors are usually well connected with local governments and police forces, and have carefully delineated fiefdoms. Investors who try to do without a subcontractor often experience inexplicable difficulties; workers who rock the boat may suffer severe consequences, including disappearance. Is life what you make of it? The subcontractor, with his lovely and well-guarded home, luxury car, expensively attired wife & mistress, etc. would doubtless agree. The workers seldom have the opportunity to think about it. Steve

To: Michael Sphar who wrote (8096)	2/24/1999 10:33:00 PM
From: Stitch	Respond to of 9980

Michael, Bosco, Larry, Dennis, Steven, Peter, et al; What a great conversation this is. Actually deserves kudos to all for your respective and articulate expressions of ideas. Frankly this thread is indeed a thread of sanity in a sometimes bizarre and frenetic world. To each of of you, thank you for your statements of beliefs and convictions in ways that, while not always in agreement with mine, are always courteous, well written, and simply a pleasure to be part of. I am off to view a porcelain piece in a shop in Singapore. Collectibles are especially interesting now with the exchange rate and market conditions as they are. I am pillaging to the extent that my western antecedents would be proud. That it is performed over a tiny cup of Jasmine tea instead of a sword, and my victim will smile all the while, makes me no less guilty I suppose. Mea Culpa <G> Best, Stitch best, Stitch