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oobzn
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 Posted: Mon Oct 13, 2008 7:40 am Post subject: Warren Buffet On China |
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Or Capitalism Vs Socialism
11 October 2008
In 1790, there were about 4 million people in the U.S. and about 290
million in China.
They were just as smart as we were.
They had a climate that was about the same as ours.
And yet we did enormously well over the next 217 years... as compared to
China.
Now, why did we do that?
Well, we had a market system, a rule of law, and equality of
opportunity... and that system unleashed the potential of citizens in
the United States to an extent far greater than in many countries
including, up until recently, China.
--
Warmest Regards
Bonzo
"Kyoto represents the first component of authentic global governance"
French President Jacques Chirac |
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Ouroboros_Rex
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| Posted: Tue Oct 14, 2008 1:39 am Post subject: Re: Warren Buffet On China |
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oobzn wrote:
[quote]Or Capitalism Vs Socialism
[/quote]
Sorry, China is Communist.
[quote]11 October 2008
In 1790, there were about 4 million people in the U.S. and about 290
million in China.
They were just as smart as we were.
They had a climate that was about the same as ours.
And yet we did enormously well over the next 217 years... as compared
to China.
Now, why did we do that?
Well, we had a market system, a rule of law, and equality of
opportunity... and that system unleashed the potential of citizens in
the United States to an extent far greater than in many countries
including, up until recently, China.[/quote] |
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jg
Guest
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| Posted: Tue Oct 14, 2008 2:31 am Post subject: Re: Warren Buffet On China |
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oobzn wrote:
[quote]Or Capitalism Vs Socialism
11 October 2008
In 1790, there were about 4 million people in the U.S. and about 290
million in China.
They were just as smart as we were.
They had a climate that was about the same as ours.
And yet we did enormously well over the next 217 years... as compared to
China.
Now, why did we do that?
Well, we had a market system, a rule of law, and equality of
opportunity... and that system unleashed the potential of citizens in
the United States to an extent far greater than in many countries
including, up until recently, China.
[/quote]
Warren Buffet is a smart man, from him that seems a fairly blinkered
comment and doesn>t offer much for now and the future. |
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oobzn
Guest
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| Posted: Tue Oct 14, 2008 4:35 am Post subject: Re: Warren Buffet On China |
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"Ouroboros_Rex" <its@casual.com> wrote in message
news:47mdnWj47_-EL27VnZ2dnUVZ_tidnZ2d@giganews.com...
[quote]oobzn wrote:
Or Capitalism Vs Socialism
Sorry, China is Communist.
[/quote]
Not any more.
Only in name!
China has adopted a free market economy for years now and it shows in
their economic growth!
--
Warmest Regards
Bonzo
: "They don>t tell you, that, in their computer models, it>s assumed
that CO2 drives global warming. In other words, you assume the result
and say the computer model proves we were right. It>s garbage in,
garbage out. If you don>t program the computers to cause temperatures to
rise with CO2, then you have nothing." Dr. Don J. Easterbrook, Professor
Emeritus Geology, Western Washington University |
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oobzn
Guest
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| Posted: Tue Oct 14, 2008 4:36 am Post subject: Re: Warren Buffet On China |
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"jg" <jg@nospam.com> wrote in message
news:v6PIk.5214$sc2.5029@news-server.bigpond.net.au...
[quote]oobzn wrote:
Or Capitalism Vs Socialism
11 October 2008
In 1790, there were about 4 million people in the U.S. and about 290
million in China.
They were just as smart as we were.
They had a climate that was about the same as ours.
And yet we did enormously well over the next 217 years... as compared
to China.
Now, why did we do that?
Well, we had a market system, a rule of law, and equality of
opportunity... and that system unleashed the potential of citizens in
the United States to an extent far greater than in many countries
including, up until recently, China.
Warren Buffet is a smart man, from him that seems a fairly blinkered
comment and doesn>t offer much for now and the future.
[/quote]
Huh?
Blinkered in what way?
Makes sense to me!
--
Warmest Regards
Bonzo
"Let me say it plainly: The environmental movement has been taken over
by anti-capitalist radicals who are using it to wage war against
capitalism and campaign for liberal Democrats. Protecting the
environment is now number three, or lower, on their list of priorities."
Joe Bast, President, Heartland Institute, One-time Ardent
Environmentalist, Has seen it from both sides. |
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jg
Guest
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| Posted: Tue Oct 14, 2008 6:57 am Post subject: Re: Warren Buffet On China |
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oobzn wrote:
[quote]
"jg" <jg@nospam.com> wrote in message
news:v6PIk.5214$sc2.5029@news-server.bigpond.net.au...
oobzn wrote:
Or Capitalism Vs Socialism
11 October 2008
In 1790, there were about 4 million people in the U.S. and about 290
million in China.
They were just as smart as we were.
They had a climate that was about the same as ours.
And yet we did enormously well over the next 217 years... as compared
to China.
Now, why did we do that?
Well, we had a market system, a rule of law, and equality of
opportunity... and that system unleashed the potential of citizens in
the United States to an extent far greater than in many countries
including, up until recently, China.
Warren Buffet is a smart man, from him that seems a fairly blinkered
comment and doesn>t offer much for now and the future.
Huh?
Blinkered in what way?
Makes sense to me!
[/quote]
In 1800 China fed, housed and employed the same population as the US has
now. By 1950 it had about doubled. It>s not at all clear the US could
have coped as well and right when China seems to be at its all time best
would seem to be an inopportune time to brag about the US as it falters
on just about every front.
Warren Buffet has done well in his particular era, many have not and he
might not have thrived at any time before or after the circumstances of
his rise. His (if it is his) measure of the success of a country is very
narrow. |
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