Yes. Extraordinary
Only a few days ago we heard of the export of Chinese capital to
Argentina
Now to England.
Partly a sign of their rising ascendancy in many ways, partly in the
short term for exchange rate reasons they cannot get rid of capital
fast enough.
But being Chinese, they will probably
Children Pay Cost of Iraq's Chaos
Malnutrition Nearly Double What It Was Before Invasion
By Karl Vick
Washington Post Foreign Service
Sunday, November 21, 2004; Page A01
BAGHDAD -- Acute malnutrition among young children in Iraq has nearly
doubled since the United States led an invasion of the
Chris writes: But being Chinese, they will probably get the best possible
price for
it.
is this a genetic predisposition that you're positing? or is
it cultural? Are Chinese more money-grubbing than others?
JD
- Original Message -
From: Marvin Gandall [EMAIL PROTECTED]
Well, the Jews and the Scots have also been prominently mentioned. :) I'm
still looking to meet the capitalist - of any nationality - who doesn't
want
to get the best possible price for his or her product, or the worker who
Using its currency to buy up outside capital will not help keep the Chinese
currency cheap.
It may reflect a view that China will evolve from being a low wage desitination
of
offshoring to joining the ranks of advanced capitalist nations with wages
higher than those
of the poor nations. It may
Capitalists and workers seek the best POSSIBLE price, but the best possible
is, of course, not always the best. Your example of a capitalist who has a
profit opportunity but foregoes it for no apparent reason is extraordinary,
and defies the logic of capitalism - what do the shareholders think?
Oh dear, I wondered if the phrase gave hostages to fortune. But I
thought the context made clear that I assumed the Chinese had long
term strategic goals in mind rather than quick profits by way of asset
stripping etc.
I did add The interest payments over the next five years are
completely
The NY Daily News is a tabloid geared to workers and has the largest
circulation of any newspaper in the city, I believe. The publisher is
Mort Zuckerman, a billionaire real estate developer who bought it some
time ago in order to promote his rightwing agenda, especially support
for Zionist
US risks a downhill dollar disaster
Larry Elliott
Monday November 22, 2004
The Guardian
George Bush's foreign policy is simple: don't mess with America. The same,
it appears, applies to economic policy as well. On Friday, the dollar fell
sharply against the euro. That was unsurprising, since the
Here is the URL
I don't have time to extract the meat. Sorry.
http://www.theregister.co.uk/2004/11/19/microsoft_wto_winning_without_firing/
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
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