China's currency move may hurt U.S. tech

TalkBack 4 of 8:

Next »

« Previous

• Thread View
• Flat View

A couple of random comments ...

In China, people live (or used to at least until recently) with a salary of $180-200 a month. In the country side they even live with much less but they can make do since they have access to food from farm animals and produce. Overall it is only fair that able body people are given the opportunity to earn a better living by honest work. By no means people in much poorer countries can take the blame of deteriorating "life - standards" in much richer counties.

As you said people's habbits are their worst enemies. Among the worst ones are the constant accumulation of debt, garbage, bodily fat and toxines and the unwise waste in scarce resources.

All the ccumulative ones reach a point at which you cannot ignore them any more and 'clean-up' is necessary but it is very costly and at times impossible (e.g., clogged arteries).

At the same time the waste of scarce resources means that there are people for whom the same resources are not sufficient. For instance, there are companies which generate NO productive work but they make HUGE profits. Companies of the Enron or WorldComm type. They make money which is not re-invested as capital.

I think that there are resources for everyone, but they require WISE management and usage.

Life teaches discipline when things are in short supply where people learn to make do with whatever is available and want what they need and NOT 'need' what they want.


It is a globalized economy and world in general and thus the impact is also global. In a sense the national economies have riched the point where people now need to learn to WANT what the need, be productive, innovative, honest and USE wisely.

Above all people need to start living with a good sense of reality and appreciation of what they have. Let's see who is going to benefit from the discipline. Not everyone can...

Let me now add my stdbash: Had people been investing resources in improving IT vs pouring BILLIONS of $$$ to clean up the trashworthy computing, the IT industry would bad still been booming. Alas, the waste and the trash has accumulated so much and now someone is paying.....



-m

Posted by: michael_t   Posted on: 07/22/05 You are currently: a Guest | Members login | Terms of Use

Alert moderator to an offensive message

Subscribe to this discussion via Email or RSS

SponsoredWhite Papers, Webcasts, and Downloads

• VMware Infrastructure: A Guide to Bottom-Line Benefits VMware Frustrated by the costs of maintain ever larger data centers?or building ... Download Now
• Building the Virtualized Enterprise with VMware Iinfrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now
• Building the Virtualized Enterprise with VMware Infrastructure VMware VMware virtualization software has been adopted by over 120,000 enterprise ... Download Now