American, seeing how much better off he is than his parents who toiled, day-in and day-out in their laundromat so he could be the first in his family to attend an ivy league school. That matters a lot for motivation. It might be driving China's resurgence now in fact.
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I don't think it is though. Maybe some regions of it but as a whole? The GDP per capita diff is like 5x. Would that all be just the reserve currency effect?
I don’t know but the economy definitely feels way bigger when you’re there. There’s a dynamism and an energy that we don’t have anymore. Again I feel like what you’re describing is better described by different things, ie fewer anti business regulations.
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Yeah Singapore feels the same (though probably to a lesser extent). I'm just not sure if in the case of China it's specific to a few cities or the country as a whole.
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But like...Mississippi? Have you been to Des Moines Iowa? I don’t see how it’s not analogous.
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