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20 sats \ 3 replies \ @Undisciplined 3 Jan \ parent \ on: China's Bizarre Stimulus: Subsidizing Gadgets to Boost Consumer Spending econ
Greed's ever present, therefor it's not a good explanatory factor. Just like gravity being the cause of plane crashes is not a satisfactory explanation.
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When those students' parents were born, China was one of the poorest places on earth and was governed by one of the most evil regimes in human history. The norms that developed out of that and allowed the recovery that's taken place since are pretty understandable.
The current generation of Chinese young adults, in my experience, are much more relatable in their motivations and behaviors.
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It could have been the generation I was in school with.
All they wanted were good grades, and to get an american bf/gf.
They were willing to waste a lot of money to get those things, too.
Maybe the newer generation is a bit more sound.
And the amount of corruption in those families, most had 2 kids.
Party members, guess it pays to be part of the group that is leading.
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