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In China, Making Money Can Mean Losing Friends

As China’s economy opens up, wealth is accumulating in the hands of a new generation of “very rich.” For the new owner class, money means more power and influence – but it can also breed resentment.

Wealth divide in the parking lot (Mark Heard)
Wealth divide in the parking lot (Mark Heard)
Brice Pedroletti

BEIJING Chinese people may be fascinated by the very rich. But they don't much like them.

Chinese gripes with other people's wealth are popping up everywhere. In early May, information surfaced accusing the public company that runs the former Chinese imperial palace of quietly turning one of the Forbidden City's apartments into a private club for billionaires. The news hit China's Internet community like a bombshell, which reacted with outrage to the corruption scandal.

Wealthy young drivers who consider themselves above the law are another favorite target. In 2010, the son of a local police chief in the city of Baoding struck and killed a female student on the Hebei University campus. What caused a scandal wasn't the accident itself, but the young driver's arrogant behavior. When the police tried to arrest him, the young man – expecting special treatment – cried: "My father is Li Gang!" For Chinese Internet users, the now-famous phrase became a symbol of impunity.

In 2011, the public was treated to another grizzly story involving a young man and an automobile. After hitting a young woman with his car, Yao Jiaxin, a student, finished the victim off by stabbing her several times. Observers were quick to describe this tragic incident as a sign that money-obsessed China is losing its moral bearings. Yao Jiaxin explained his actions by saying he thought the girl, were she to live, would try to extort money from him. Yao Jiaxin was sentenced to death and executed last June.

In Chinese it's called chou fu – hatred towards rich people. Signs of it are everywhere. According to some analysts, it is the result of a gradual, 30-year-long process of opening the economy and allowing wealth to accumulate in the hands of select individuals. In the past, Chinese inheritance laws prevented wealth from being passed along to the next generation. That has now changed.

Second-generation wealth

"When a reckless young man drives a BMW, he is considered a member of the ‘rich second generation," If he is caught, it increases tenfold the anger people feel," says Yang Yiyin, from the Beijing Academy of Social Sciences (CASS). According to Yiyin, Chinese people do not object to wealth in and of itself. "They all want to be rich! Particularly when considering that most of the people who became rich these last 30 years were poor before," he says.

Nowadays, however, people "are convinced that it has become far more difficult for them to rise socially than in the 1980s," adds Yiyin. "When they think about the reasons why these people were able to become rich, they can't help thinking that they must have done it illegally in some way. The Chinese consumer-citizen feels powerless."

Guo Yuhua, a sociologist at the University of Tsinghua, in Beijing, puts it a slightly different way: "People don't hate the rich. They hate the fact that power knows no control. Those who have power do what they want. They can exchange their favors for an apartment, a car, or even their professional status!"

Because of the recent speculation bubble, the race to buy real estate has split the population in two: owners and non-owners. The privatization of urban real estate over the past 20 years in China has helped the urban middle class gain wealth. But it did nothing for the rural lower-class, which still lives on collective lands.

For the growing number of wealthy Chinese, resentment from others, may help account for rising rates of emigration. A recent study by the management consulting firm Bain & Company found that 60% of "high return investment individuals' – people with at least $1.5 million to invest – have already moved abroad or consider doing so. And among the "super rich," people with more than $15.4 million, roughly a quarter decided to change their nationality.

Still, links between the different social classes exist: in big cities, many former migrant workers are now entrepreneurs operating small businesses. According to researchers Gilles Guiheux and Pierre-Paul Zalio at the French Centre for Research on Contemporary China, young people come from out of town to work in the service sector as "white-collar migrants." They work in less than ideal conditions, but sometimes the job pays well.

Is the Chinese dream turning sour? In Guo Yuhua's opinion, today's expressions such as "rich second generation," "second generation executives' and "second generation migrants' all reflect "opportunities closing." Power, he explains, is passed down from generation to generation. But so is poverty.

In addition, many Chinese who would be part of the middle class in other countries – civil servants, small business owners, teachers and executives – refuse to be considered as such in China. Why? Because, according to Guo Yuhua, they have no sense of professional or economic security. "Your flat can be demolished overnight. You can be evicted. There's no guarantee of any stability," he says.

To protect themselves, Chinese people want to become rich, very rich… even if it means that they will be despised.

Read the original article in French

Photo - Mark Heard

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What's Spoiling The Kids: The Big Tech v. Bad Parenting Debate

Without an extended family network, modern parents have sought to raise happy kids in a "hostile" world. It's a tall order, when youngsters absorb the fears (and devices) around them like a sponge.

Image of a kid wearing a blue striped sweater, using an ipad.

Children exposed to technology at a very young age are prominent today.

Julián de Zubiría Samper


BOGOTÁ — A 2021 report from the United States (the Youth Risk Behavior Survey) found that 42% of the country's high-school students persistently felt sad and 22% had thought about suicide. In other words, almost half of the country's young people are living in despair and a fifth of them have thought about killing themselves.

Such chilling figures are unprecedented in history. Many have suggested that this might be the result of the COVID-19 pandemic, but sadly, we can see depression has deeper causes, and the pandemic merely illustrated its complexity.

I have written before on possible links between severe depression and the time young people spend on social media. But this is just one aspect of the problem. Today, young people suffer frequent and intense emotional crises, and not just for all the hours spent staring at a screen. Another, possibly more important cause may lie in changes to the family composition and authority patterns at home.

Firstly: Families today have fewer members, who communicate less among themselves.

Young people marry at a later age, have fewer children and many opt for personal projects and pets instead of having children. Families are more diverse and flexible. In many countries, the number of children per woman is close to or less than one (Singapore, Taiwan, South Korea, Hong Kong among others).

In Colombia, women have on average 1.9 children, compared to 7.6 in 1970. Worldwide, women aged 15 to 49 years have on average 2.4 children, or half the average figure for 1970. The changes are much more pronounced in cities and among middle and upper-income groups.

Of further concern today is the decline in communication time at home, notably between parents and children. This is difficult to quantify, but reasons may include fewer household members, pervasive use of screens, mothers going to work, microwave ovens that have eliminated family cooking and meals and, thanks to new technologies, an increase in time spent on work, even at home. Our society is addicted to work and devotes little time to minors.

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