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It's a symptom of a bigger underlying problem. We no longer have a full circle of smart capable people that would achieve economic success independently, then r
by john_moscow 6y ago
It's a symptom of a bigger underlying problem. We no longer have a full circle of smart capable people that would achieve economic success independently, then raise their kids, teach them their ways and let the next generation achieve their own success by starting their own wave of companies.
Instead, through low interest rate, overinflated stock market and lack of antitrust oversight, most of our economy is controlled by the corporations. And they don't want an ambitious well-raised kid to get a good education and disrupt their business. They want to import talented and well-educated people from other cultures, so they will fulfill their corporate roles, but will have a poor shot at building enough network locally to start competing for their own market share. And the racial card is played as an argument to keep their kids' ambitions down.
As a first-generation immigrant, I find it very disturbing. I worked hard throughout most of my life and it has brought me happiness, and I don't think it's unethical for me to want to help my kids walk the same path. Moreover, I wish more and more parents, regardless of their race, would adopt my approach. But instead of creating additional opportunities for others, the recent activism is all about destroying the opportunities for those who may threaten the corporate hegemony. As for myself, I find it more and more lucrative to move back to Eastern Europe, now that I know how to run a business and don't depend on anyone. I hear a lot of similar sentiment among the Chinese community. I wonder what long-term effect will it have on the U.S. economy.
- frongpik 6y agoThat's pretty much the MLK's point about slaves uniting against the pharaoh.