Thread: Is Iran Next?
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Old 01-16-2006, 02:58 PM   #57 (permalink)
highthief
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Quote:
Originally Posted by pan6467
I believe it to be the other way around, I hope we don't have to find out. Russia may not have money YET. But I don't see them being down for long, they have oil, they have some natural resources.
Nope, it's economics 101 - the buyer is in control of the transactions, not the seller. It's the whole reason why poor African countries stay poor - someone will always sell you bananas for less than you are paying. When the product gets harder to produce or is rarer, the seller has more power - but that power is finite, especially when you are looking at unskilled textile or light manufacturing production, which remains a Chinese mainstay. As they move into electronics more and more, that gives them more weight - but the ownership of patents and technology remains in the hands of Americans and Japanese, not within a local Chinese maker. China simply cannot, under any circumstances, replace the US as a market. There are a finite number of large, consumer economies in the world - the EU, the US and Japan. Meanwhile, there are dozens of smaller nations eager to expand their economies as China has - no single one of them might have the capacity of a China (though Indonesia would come close).

And Russia is utterly fucked. They should have done as China did - market economy first, then look at democracy down the road.
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