Culture Changes With Economic Development.

The Higher Education System In These Countries (us, Korea Etc) Has Become Like A Theatre In Which Some People Decided To Stand To Get A Better View, Promoting The Others Behind Them To Stand. Once Enough People Stand, Everyone Has To Stand, Which Means No One Is Getting A Better View, While Everyone Has Become More Uncomfortable.

The Foundation Of Economic Development Is The Acquisition Of More Productive Knowledge.

Since The 1980s, We Have Given The Rich A Bigger Slice Of Our Pie In The Belief That They Would Create More Wealth, Making The Pie Bigger Than Otherwise Possible In The Long Run. The Rich Got The Bigger Slice Of The Pie All Right, But They Have Actually Reduced The Pace At Which The Pie Is Growing.

Making Rich People Richer Doesn't Make The Rest Of Us Richer.

All The Alleged Key Causes Of Soe [state-owned Enterprise] Inefficiency - The Principal-agent Problem, The Free-rider Problem And The Soft Budget Constraint - Are, While Real, Not Unique To State-owned Enterprises. Large Private-sector Firms With Dispersed Ownership Also Suffer From The Principal-agent Problem And The Free-rider Problem. So, In These Two Areas, Forms Of Ownership Do Matter, But The Critical Divide Is Not Between State And Private Ownership - It Is Between Concentrated And Dispersed Ownerships.