Thursday, March 04, 2004
At gunpoint? I explained in the very post that it would be more profitable for them to shore up their future prospects then to try and outbid the western markets on the oil markets. This is what I've been saying, most of these environmental measures end up making economic sense in the medium-term.
They are doing some things right, Calcutta has one of the best subway infrastructures in the world, for example. What should happen is that entreprenneurs in developing countries should try and learn from the mistakes made in the past, and look for oppourtunities to make money where the Western industrial machine is weaker, not just by cloning their practices. And first world countries should, of course, take the lead in developing cleaner sources of energy, instead of bombing counties that have oil left in them.
By al - 10:32 p.m. |