Re: [A-List] Global Economic Prospects: Bright for 2004

["Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>]

When you start with a preconception based on an ideology, it is
inevitable that a circular logic will emerge which begins to resemble
truth to the converted.  Then with meticulous fidelity on minor
calculations, an entire gang can move logically toward a grand
illusion.  There is only one problem.  The resultant facts fail to
support the validity of the preconception. Then an elaborate scheme to
redefine the inconvinient facts is hatched by academic institutions and
think-tanks to selectively collect data to support arcane interpretation
to fit the preconception.  Despite wide spread poverty, data are
constructed to prove that poverty actually receded in the world due to
globalization and free trade.  For example, the world's population is
shown to be recieving more years of schooling with every passing
decade.  But this data is not qualified by the fact the minimum
education level for economic survival has risen faster than the added
years of education.  Whereas five decades ago, a high school diploma
will lead to a decent job in many underdeveloped economies, today it
takes a master's degree.  While the number of high school graduates in
the world have increased, these graduates have fallen back into poverty
in the new economy.  People are eating more calories, but drinking more
polluted water and breathing more polluted air.  The list goes on.
Looking on the bright side is the task of the likes of the IIE.  Just as
Bush claims that more good has been accomplished in Iraq than bad, if
only the media will report the truth, the public will not be against the
war and the occupation, this gang of neo-liberals continue to see bright
prospects for the world economy.  God save us from this kind of
prosperity! Assuming there is a God.

Henry C.K. Liu

Hudsonmi@xxxxxxx wrote:

> Dear Gary,
>       I've known these guys for 30 years. They are very
> self-promoting, hoping to get naive money managers to join them. They
> claim to do their own research, but just recycle IMF statistics with
> no analysis, all wrapped in a pro-US position. They're the lobbies for
> the U.S. Treasury, not serious analysts. They cultivate foreign
> bankers and government operatives, who hope that they'll get a seal of
> approval/obedience to IEE and get promoted within their own central
> banks.
>       Michael