Gots to Go Along, to Get Along.
Diplomats say China has still not forgiven the fund for introducing new currency surveillance rules in June 2007, at Washington's behest, that make it easier for it to determine whether a country is keeping its exchange rate fundamentally misaligned to boost exports.
Beijing objected to the rulebook, regarding it as a U.S. ploy to enlist the fund in its campaign for a stronger yuan."http://ca.news.yahoo.com/s/reuters/090209/n_top_news/cnews_us_g20_china
As I wrote earlier, China simply does not want to play the game according to the rules. They have had their leg up with a low currency boosting their already huge wage advantage, but they just don't want to give up that currency advantage.
Then there are the feudal lords who are wielding their mighty mouths too..
Mr. Rogers says;
“Moving to Asia now is like moving to New York City in 1907,” he said. Also, he is quoted to say: “If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.
In an CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment so his daughters are motivated and driven. He said during that interview that, this is how America and Europe used to be.
CNN MONEY: Why move to Singapore and not Shanghai or Beijing?
ROGERS: Well, we would like to move to China, but the air is so terrible, the pollution is so bad, that we can’t bring ourselves to do it."
Yes Mr. Rogers, but it's ok for those extremely motivated and driven people. Wot?
I think that much of what Mr. Rogers says is indicative of the frame of mind of the very wealthy. Much of this is based on where the well off should invest, and the common denominator is availability of high levels of cheap labor. Plus no Unions, limited government controls on business, autocratic government and a willingness to abuse the environment. When he does refer to environment, it's from an investment/money making view. Also telling is his statements on owning investments for 30 years and hoping to own them for another 30. Cryostacis maybe? As Austin Powers would say, "yeah baby".
The article above is entitled, "tobefree". I suggest a world free of his kind would be a better place.