Posted by Fixerupper on November 20, 2010 at 06:23:06 from (207.199.205.40):
In Reply to: Re: O/T GM stock posted by VernMI on November 20, 2010 at 04:39:23:
Vern, you hit the nail on the head! The reason China is industrializing so fast is the communist government doles out large amounts of money to companies that need to expand to meet a certain export demand. In the US the company would have to go through miles of red tape first and then wait until the blues and the reds quit squabling over some export quota before it can break the groundwork.
No, I am not sympathetic to China in any way. Their quick fund and build system ignores pollution control and human rights. They also can increase and decrease interest rates and the value of their currency quickly to make the export market move in their favor. I just shows how quickly a dictatorship can move when it doesn't have to obey politically made rules. Jim
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