| This is the most excellent article that I've read for a while. The insight cannot be more correct: you don't help a group of people (or the economy in general) grow by just giving them free money. By teaching someone "how to fish" they can be better off for the many days ahead instead of just today or tomorrow. I believe if this is practiced very thoroughly in China, the 21st century will belong to China, since the majority of the people there will have the knowledge and skills for long term productivity. |