The story of princelings in China is quite well known with the sons and daughters of powerful members of the Chinese Communist Party ruling billion dollar business empires. The rule of law is not very strong in the countries and it takes a special kind of luck and connections to be decently wealthy in China. […]
Income Inequality and unemployment amongst white collar workers is a massive growing under-appreciated problem in India and China.These countries despite growing tremendously have built in severe distortions which are only becoming bigger by the day.Graduates in both countries increasingly find a massive demand deficit for their services while income inequality grows bigger as billionaires build billion dollar houses amidst people earning less than $2 day.