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China’s Youth Are Quitting the Rat Race to ‘Let It Rot’
(www.wsj.com)
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this post was submitted on 09 Jan 2024
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They have an interesting strategy where they workout expenses for the year if they lived minimal. It might be 9k. So they work for a few months and save up that money then quit their job and "lay flat" for the rest of the year.
I don't blame them.. The older generations really screwed the pooch for the younger generation. Basically made China inhospitable for foreign investment so all these young people are left high and dry with fancy degrees and no jobs.
Wait, the problem in your mind with China is that it's not as safe for multinational companies to exploit their populace?
China’s own megaconglomerates aren’t doing any better. They openly steal from their populace, and exploit their workers in inhumane ways. Just look at the mass embezzlement of peoples life savings in the housing market by ultra mega sized publicly traded corporations. China is basically a hyper capitalist corporatocracy, with extra authoritarianism sprinkled in with no upside.
Agreed that the problem is capitalism, but I don't know about "no upside." The poverty rate in China has continually decreased. While we in the west might argue that living under authoritarian rule might not be worth the tradeoff, that certainly is an upside.