Re:Why a Successful Valley Entrepreneur Started a Tech Incub...
by ejanus on Monday July 03, 2017 @05:47AM
(#14687072)
>>poorely educated Chinese getting rich
Why can't educated Chinese do same ?
Re:Why a Successful Valley Entrepreneur Started a Tech Incub...
by bobabooey02 on Monday July 03, 2017 @06:30AM
(#14687241)
They can, and many do succeed. In the US right now, education is a proxy for class, so saying the uneducated Chinese can succeed is like saying the Chinese lower class can succeed, which isn't necessary true. It requires capital to start a business, not education.
In general however return on investment tends to be high in developing countries because they lack so much. There are lots of businesses you can start with minimum competition. E.g. I've seen many stories about poorely educated Chinese getting rich in Africa. They start shops, facories and all sorts of stuff lacking