Comment by cruffle_duffle
2 months ago
> If the "Western" world gets economically steamrolled by Asia in the next couple of decades, we've got nobody to blame for it but ourselves.
Implicit in that statement is that only the "Western world" has that "short erm shareholder value" ethos. I'd say that is quite debatable.
While greed, short term vision etc are universal, Asia is not (yet) as bad. Take banks for example, say Singapore. How many Singaporean banks have failed vs American? Asian banks are way more conservative (relatively at least) and don't play aggressive with their customers' money.
My fear is that it is only going to get worse (both in the west and in Asia).