> They never understood how wealth generation works. From your description, neither did Koreans. You say they "believed" and that they were "willing to be guid

> They never understood how wealth generation works. From your description, neither did Koreans. You say they "believed" and that they were "willing to be guided". It was exactly the same behind the Iron Curtain. People believed in the vision of their leaders and were willing to follow them along the path they wanted to take. The only difference is that the vision of communist leaders was less practical than that of similarly authoritarian but capitalist regime. The funny thing is that centrally-planed economy might have become a more practical choice now due to IT revolution. I think it will pay off to look at what happens in China in the next decade.