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> My "theory" is that the people making large capital allocation decisions in China are typically smarter. In that case the wealth Gini should be high so that
by yorwba 6y ago
> My "theory" is that the people making large capital allocation decisions in China are typically smarter.
In that case the wealth Gini should be high so that the smart people get to control all the money.
- whimsicalism 6y agoIn Chinese government, often the smart people get to control capital allocation without owning all of the money. Also, that's not necessarily true - I think it is better to have investment controlled by a diversified group of smart people, which would mean not a super-duper high gini coeff.