A silent revolt is brewing among young workers in China, which largely escaped the world notice due to China stringent control over all social media platfor
Cross-posted from Putanumonit.
VODKA AND WAR
When I was 16 I made the dumbest financial investment of my life. Our family
came to live in the US for a few months, and I made $500 giving tennis lessons
to the local kids. My individually directed consumption at the time consisted
mostly of video games, food, and booze. And so I faced a decision: should I
spend this windfall on 4 years of subscription to EverQuest? 166 falafel
sandwiches? 104 bottles of Keglevich flavored vodka at the old central bus
station in Tel Aviv upon my return?
Despite these immensely appealing options, somehow my dad convinced me that the
adult™ and responsible™ thing to do was to invest the money in a yield-bearing
instrument. And since at 16 I liked thinking of myself as a responsible adult™
almost as much as I liked cheap vodka and MMOs, I found myself walking out of
the local bank branch holding a purchase certificate for a 10-year US treasury
bond.
That’s
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Chinese President Xi Jinping's push for "common prosperity” is in part aimed at turning the younger generation into motivated, patriotic and productive workers.
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