market is efficient



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送交者: jiangzhaiwai 于 2005-6-22, 20:22:17:

回答: didn't you say china exporting corruption? 由 skipper3 于 2005-6-22, 18:34:11:

in the long term. Some times a very long long term. As Keynes said, in the long term we are all dead.
I am against corruption out of simple self-interest. I don't want to live in a corrupt society and I know corrupt people won't leave others alone.
I don't know if corruption can be exported (I said if). I do know corrupt Chinese practices are already infiltrating Chinese divisions of American companies. I also hear lots of corrupt Chinese money are buying properties in SoCal.



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