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2014年7月20日星期日

Fair or Privilege 1

I heard a lot about economy recently, the 1% privileged pointing fingers at the 99% middle and poor, the 99% accuses 1% foul play.

A warning sign of social friction.

Economic performance has a lot to do with social structure and the degree of rationalization of the structure.

A economy can do fine like oil rich countries as long as it can offset the negatives of irrational social structure with luck or sacrifice of the citizens.

But a great economy must go with a great social structure. The degree of rationalization will determine the performance of economy.