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Faunaki
Joined: 15 Jun 2007
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 Posted: Thu Sep 25, 2008 3:59 am Post subject: |
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| bassexpander wrote: |
| I'm still waiting to see if this housing bubble bursts. If it does, there are going to be a lot of divorces and fathers jumping off of buildings. |
I might be one of those jumping but from what I hear more and more people will be moving to Seoul in the future so shouldn't happen. And let's face it, if you buy a home in Seoul you gotta pay 40-60% unlike the States where 0% down was needed before the crisis. |
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Cornfed
Joined: 14 Mar 2008
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| Posted: Thu Sep 25, 2008 5:45 pm Post subject: Re: Why are the Koreans rich? |
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| pkang0202 wrote: |
| Cornfed wrote: |
| I don't see why they should be. They don't seem to have an awful lot going for them. I suppose it must just be that the global elite wills it so. But still, why them? |
You say Koreans shouldn't be rich. |
Actually, I didn't say that. Hopefully you don't teach reading comprehension.
| Quote: |
You say Koreans shouldn't be rich. Then WHO should be? Whites? Blacks? Indians?
This thread is ignorant. |
There would be a few reasons why a country would be expected to be rich. One would be if it had valuable natural resources, so for example it is no surprise that Norway and Kuwait are rich. Another would be if it could steal resources from actual or de facto colonies, as was and to some extent still is the case with Western Europe and America. Another would be a culture conducive to innovation and effective orgainsation, which for whatever reason seems to have been largely the province of white males over the last 500 years.
Koreans seem to lack any of these advantages, so in the normal course of events you would expect them to be dirt poor. It seems clear that others have deliberately made them rich. I'm just wondering why that should be the case. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu Sep 25, 2008 6:00 pm Post subject: |
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I think the key is infrastructure and people being able to afford such luxuries like cars, computers and tv's. It doesn't matter if the country is rich when compared to other countries. But as long as people are living well enough not to gather en masse to overthrow the government.
If I'm living well and feeding my children and have a car, nice house, and a few fancy gadgets, I wouldn't care if citizens of some other country were sleeping on beds made of gold and satin blankets. |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu Sep 25, 2008 6:10 pm Post subject: Re: Why are the Koreans rich? |
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| Cornfed wrote: |
There would be a few reasons why a country would be expected to be rich. One would be if it had valuable natural resources, so for example it is no surprise that Norway and Kuwait are rich. Another would be if it could steal resources from actual or de facto colonies, as was and to some extent still is the case with Western Europe and America. Another would be a culture conducive to innovation and effective orgainsation, which for whatever reason seems to have been largely the province of white males over the last 500 years.
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Until the 20th century, most of the world was living in squalid conditions. This included countries like the US, England, Germany and France. It's really been the last 60 or so years that you've seen a dramatic improvement in the standard of living in Western Europe and North America. |
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Cornfed
Joined: 14 Mar 2008
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| Posted: Thu Sep 25, 2008 6:10 pm Post subject: |
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| sojourner1 wrote: |
| Becuase America is a state of agressive consumers and it's corporations outsourced manufacturing to Asians, Asian economies and new wealth has boomed in the past decade and is dependent on continued American consumerism. The American elite has taught and promoted the general public to take out debt to over consume these goods that Asia produces. This is why new wealth is happening in Korea and other Asian countries. It's a zero sum game where Americas wealth and opportunities are physically being transplanted over to Asia. American leadership literally sold it's people out. Sell outs they are. |
All crown colony countries appear to have been sold out to Asia in a big way. The Japanese in particular are able to purchase natural resources from countries like Australia and New Zealand for a song and pay our workers peanuts to do the labour-intensive and unhealthy pre-processing. They then ship the stuff back to Japan, do the high end, high-added-value processing there and then gouge us for the finished products. It makes no sense. It is as if they won the war and we are their colonial possessions. This combined with the self-destruction of the West (the scourge of feminaziism, the dumbing down of education etc.) is passing the wealth on to Asia for no good reason that I can think of. It's all very baffling. |
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bobbyhanlon
Joined: 09 Nov 2003
Location: 서울
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| Posted: Thu Sep 25, 2008 6:26 pm Post subject: |
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in my opinion korea got rich through extreme hard work and developing cost advantages in specific areas, such as shipbuilding, electronics, and so on, and by somehow getting away with blocking imports whilst exporting like crazy.
also the older generation are frugal, and don't borrow money to p1ss away on rubbish like we do in the west. the youngsters though.. 20 years from now when that generation is in charge, god help korea, i say.. |
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ReeseDog
Joined: 05 Apr 2008
Location: Classified
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| Posted: Thu Sep 25, 2008 8:02 pm Post subject: |
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| jkelly80 wrote: |
| The Japanese aren't innovators but they can perfect. I don't know what the Koreans can do. Terrible management. |
Ohhh, arigato! |
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KOREAN_MAN
Joined: 01 Oct 2006
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| Posted: Thu Sep 25, 2008 8:32 pm Post subject: Re: Why are the Koreans rich? |
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| Cornfed wrote: |
| pkang0202 wrote: |
| Cornfed wrote: |
| I don't see why they should be. They don't seem to have an awful lot going for them. I suppose it must just be that the global elite wills it so. But still, why them? |
You say Koreans shouldn't be rich. |
Actually, I didn't say that. Hopefully you don't teach reading comprehension.
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You said you don't understand why Koreans should be rich. So it's safe to assume that you actually believe they should not be rich because there is no reason whatsoever for them to be prosperous. What you really should have said is that you don't see why Koreans are rich.
If you happen to disagree then I don't see why you should be alive. |
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Fishead soup
Joined: 24 Jun 2007
Location: Korea
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| Posted: Thu Sep 25, 2008 8:45 pm Post subject: |
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Koreans aren't rich because they don't live in houses. They all live in apartments. Have you met anyone who had a nice big house with a front yard, back yard and swimming pool. This was normal in my old neighborhood.
I haven't met any Koreans who live in a Western style house. I've even visited a CEO and he lived in a luxery apartment.
In Korea apartments are considered higher class than houses. That's becouse most of the houses are falling apart and have huge cracks in them.
Koreans also blow a lot of money when they go out . While most North Americans would rather invest the money in a nice outdoor barbeque. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Thu Sep 25, 2008 8:51 pm Post subject: Re: Why are the Koreans rich? |
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| Cornfed wrote: |
| pkang0202 wrote: |
| Cornfed wrote: |
| I don't see why they should be. They don't seem to have an awful lot going for them. I suppose it must just be that the global elite wills it so. But still, why them? |
You say Koreans shouldn't be rich. |
Actually, I didn't say that. Hopefully you don't teach reading comprehension.
| Quote: |
You say Koreans shouldn't be rich. Then WHO should be? Whites? Blacks? Indians?
This thread is ignorant. |
There would be a few reasons why a country would be expected to be rich. One would be if it had valuable natural resources, so for example it is no surprise that Norway and Kuwait are rich. Another would be if it could steal resources from actual or de facto colonies, as was and to some extent still is the case with Western Europe and America. Another would be a culture conducive to innovation and effective orgainsation, which for whatever reason seems to have been largely the province of white males over the last 500 years.
Koreans seem to lack any of these advantages, so in the normal course of events you would expect them to be dirt poor. It seems clear that others have deliberately made them rich. I'm just wondering why that should be the case. |
You are an idiot.
Why don't you do some research and read up on the matter. OP, where did you go to school? University of Ignoramus? |
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Cornfed
Joined: 14 Mar 2008
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| Posted: Thu Sep 25, 2008 9:10 pm Post subject: Re: Why are the Koreans rich? |
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| pkang0202 wrote: |
| Why don't you do some research and read up on the matter. OP, where did you go to school? University of Ignoramus? |
Why shouldn't doing some research include posting the question here? No-one is forcing you to read threads that don't interest you, you know. |
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Cornfed
Joined: 14 Mar 2008
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| Posted: Thu Sep 25, 2008 9:13 pm Post subject: Re: Why are the Koreans rich? |
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| KOREAN_MAN wrote: |
| You said you don't understand why Koreans should be rich. So it's safe to assume that you actually believe they should not be rich because there is no reason whatsoever for them to be prosperous. |
No, there's another possibility that the Koreans in fact should for various reasons be rich but I'm unaware of the reasons. |
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mnhnhyouh
Joined: 21 Nov 2006
Location: The Middle Kingdom
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| Posted: Thu Sep 25, 2008 9:21 pm Post subject: |
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Some facts:
| CIA World Factbook wrote: |
Since the 1960s, South Korea has achieved an incredible record of growth and integration into the high-tech modern world economy. Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia. In 2004, South Korea joined the trillion dollar club of world economies. Today its GDP per capita is roughly the same as that of Greece and Spain. This success was achieved by a system of close government/business ties including directed credit, import restrictions, sponsorship of specific industries, and a strong labor effort. The government promoted the import of raw materials and technology at the expense of consumer goods and encouraged savings and investment over consumption. The Asian financial crisis of 1997-98 exposed longstanding weaknesses in South Korea's development model including high debt/equity ratios, massive foreign borrowing, and an undisciplined financial sector. GDP plunged by 6.9% in 1998, then recovered by 9.5% in 1999 and 8.5% in 2000. Growth fell back to 3.3% in 2001 because of the slowing global economy, falling exports, and the perception that much-needed corporate and financial reforms had stalled. Led by consumer spending and exports, growth in 2002 was an impressive 7%, despite anemic global growth. Between 2003 and 2007, growth moderated to about 4-5% annually. A downturn in consumer spending was offset by rapid export growth. Moderate inflation, low unemployment, and an export surplus in 2007 characterize this solid economy, but inflation and unemployment are increasing in the face of rising oil prices. |
https://www.cia.gov/library/publications/the-world-factbook/geos/ks.html
h |
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ardis
Joined: 20 Apr 2006
Location: Seoul
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| Posted: Thu Sep 25, 2008 10:20 pm Post subject: |
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| Fishead soup wrote: |
Koreans aren't rich because they don't live in houses. They all live in apartments. Have you met anyone who had a nice big house with a front yard, back yard and swimming pool. This was normal in my old neighborhood.
I haven't met any Koreans who live in a Western style house. I've even visited a CEO and he lived in a luxery apartment.
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WTF should they live in a Western style house? This is Korea. Affluence does not equate Western, and if you needed that to be explained, that's pretty pathetic.
Plenty of my students live in houses. I live in Seoul and most of my family lives in NYC. I've never heard of ANYONE in NYC having a backyard, swimming pool, or a front yard. The burbs? Sure. Most of my friends had them. But we weren't exactly living in NYC. |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Thu Sep 25, 2008 11:36 pm Post subject: Re: Why are the Koreans rich? |
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| Cornfed wrote: |
| pkang0202 wrote: |
| Why don't you do some research and read up on the matter. OP, where did you go to school? University of Ignoramus? |
Why shouldn't doing some research include posting the question here? No-one is forcing you to read threads that don't interest you, you know. |
Well, seeing as how I'm a gyopo, you implying that Koreans "shouldn't be rich" might interest me a little bit.
You bigot. |
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