Great links! Much obliged...
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here is why India can't catch up China... and why China can't catch up US
- Thread starter richardyu301
- Start date
Great links! Much obliged...
Quote from richardyu301:
# If poor nations take care of their production problems, then (and only then) will the capital they need for modernization flow in.
# Education is not immediately important ¡X since workers learn most of what they need to know on the job, pouring resources into formal schooling is unnecessary.
# Distorting markets to achieve ¡§social equity¡¨ is a bad idea.
# Distortions in competition in product markets are much more damaging than are labor- and capital-market problems.
# Today¡¦s big governments in poor countries are a great handicap that today¡¦s rich countries did not have when they were at a similar stage of development.
# Consumers are the only political force that can stand up to producer interests, big government, and the technocratic, political, business, and intellectual elites.
agree with most of it, specially education, and it's not a problem specific to third world countries, the education system is very inefficient here in the US, too much crap vs teaching what really matters
Quote from poyayan:
Education system -- Grad 12 and below not good. Excellent in universities and that is all it matters since it attract great students from all over. Best chance to get innovative people. Cons : getting expensive.
are you kidding me, the education system in US universities is way too inefficient, it's worse than what I have seen in any other country I have been to, I have studied mech. engineering, too much crap being taught for no fucking reason, it's because universities are quasi-public businesses that are only there for the money, they sign contracts with publishing companies to sell their books, they never cut the crap and go to teaching the actual material that will be needed in real life
I'm gonna go for my PHD, seriously, so I can become one of these lazy a*s professors who are full of pride, do nothing but read off a book and get paid over 100K a year
America is less then 250 years old. China has been around for thousands of years. If China was ever going to be anything it would have already been so.
Avoidance of war, a well-educated population and rejection of dogma --which go hand in hand-- and an ingrained work ethic.
Quote from mrstocker:
Education, work ethics, productivity is all nice short term. It's all about resources and who controls them. Period.
Exactly... the Iraq war was about control of oil resources, the lifeblood of modern nations. If oil can be controlled by one entity, that entity can have significant leverage over other nations.
And to add to that, the nation with the strongest military is always the one who controls the most resources... and is always the most prosperous.
Control what other people need... and they won't surpass you as long as you maintain control with a strong defense.