ERHC Energy Inc (ERHE)

[kaydee]

Krom, nice post on your view of the economy and China.

Reminds me of the admiration back in the late 80's of Japan and their much hyped style of management by consensus. All the academics and management gurus were gushing that this is the way to manage in the 3rd millennium.

We all know what happened to Japan in the early 90's - a recession that is still not finished, overvalued real estate, banks that would have collapsed without government help and a government that has been trying to spend itself rich ever since. What did survive and triumph was the capitalistic management style in the developed world.

I suspect the much hyped Chinese system of government and economic management will take a huge hit sooner or later. Lets just hope that ERHE will by then be well established and all of us shareholders have benefited hugely from that.