> The real reasons go back thousands of years. The why has China's industrialisation happen so late? > I said that because you claimed that investing long-ter

> The real reasons go back thousands of years. The why has China's industrialisation happen so late? > I said that because you claimed that investing long-term is probably the effect of being well-off. That is the main argument here. I still think it's an effect. Everyone knows saving for a pension is worth it, everyone knows a more expensive fridge is more economical, everyone knows expensive shoes last longer, but not everyone can afford these solutions. > Note: I agree there are drawbacks to extreme emphasis on education. But it is a good predictor of long-term material successes of a community and a country. The South Korean government disagrees with you. FYI I am reading your sources. One important concept in Confucianism is this: > Social harmony results in part from every individual knowing his or her place in the natural order, and playing his or her part well. It's not a guide that promotes social mobility. It was created for a certain time and place.