Comment Re:So it begins (Score 1) 418
Agreed - the distribution of wealth in China makes 1%-ers look like child's play. As you mention, this is creating a ticking social time bomb as people inevitably harbor envy and resentment.
Another serious problem they have is the one-child policy creating major social issues. The obvious one is the gender ratio, which was something like 56% male last I heard. That means over 20% of guys are left out in the cold. Then there are less obvious things like how you now have 2 parents and 4 grandparents all focusing their attention on raising a single kid. This is creating a generation of incredibly spoiled and entitled children. The flip side of this is that a single person may have to support his parents and grandparents when they are older which is a not insignificant financial burden.
The bottom line is that China might have a promising economy from an outsider's perspective, but their society is massively dysfunctional. They might be able to be successful for a short period of time but in my opinion they are not built for long term success.