Word: capitalist
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...hump in the bell curve - the majority of the school-age population - matters a lot for the economic health of countries. Simply put, the more smart, well-educated people there are - of the sort that hard work creates - the more economies (and companies) benefit. Remember what venture capitalist Tam said about China and the electric-vehicle industry. A single, relatively new company working on developing an electric-car battery - BYD Co. - employs an astounding 10,000 engineers...
...world's ascendant power has never been stronger. The U.S., by contrast, seems suddenly older and frailer. America's national mood is still in a funk, its economy foundering, its red-vs.-blue politics as rancorous as ever. The U.S. may be one of the world's oldest capitalist countries and China one of the youngest, but you couldn't blame Obama if he leaned over to Hu at some point and asked, "What are you guys doing right?" (See pictures of people around the world watching Obama's Inauguration...
...broader point is that how a society decides to order itself matters too. Advanced capitalist countries like Denmark and Norway have vastly smaller differences between their rich and poor citizens compared with the U.S. That arises not from a different sort of economy but from a different attitude toward taxation and how much wealth should be redistributed...
...South] Korean soap operas in North Korea, and then that could be one of the reasons they decided to go to South Korea," says Lee. Others contend that while North Koreans may be increasingly curious about the outside world, that doesn't mean they're having fantasies about capitalist life. "It's silly to say North Koreans are so naive that they think South Korean dramas represent actual life in South Korea. They know it's entertainment," says Simon Cockerell, the general manager of Koryo Tours in Beijing, which leads tour groups to North Korea several times each year...
...schools - what would you do? There's precious little experimentation in education. Instead there seems to be a desire for greater regimentation, which I think is nonsense. I think we need to try 100 different things. If I were Arne Duncan, I'd think of myself as a venture capitalist, fund as many wacky and inventive ideas as I could, and closely monitor them to see how they worked...