Heck yeah.
Originally Posted by Senator Brian Schatz
Isn't most Gamestop stock held long by institutional investors, like Blackrock? Screwing Wall Street Peter to pay Wall Street Paul...
This stereotyping is getting a little demeaning.
Further insight into the family-oriented culture of the inscrutable Oriental mind.
Back to reality, the Chinese culture has shifted tremendously, and it will very obviously continue to do so as all the supporting structures for this tradition erode or are replaced or pressured as time passes. Note, ACIN, that this is not in the context of what challenges the future demographics of China may pose to the Chinese government, or how it would overcome them; this is simply outlining the uncontestable insight that Chinese culture will adapt to and adopt increasing demands by the Chinese public on both public and private sectors to supplement traditional old-age care fiscally, medically, and through a variety of assisted, residential, institutional, or community care modalities.
As seen in the very article Pan links, because duh.
In 2012, there were fewer than three nursing home beds for every 100 elderly residents in Shanghai. And despite government pledges to provide thousands of extra beds by 2022, the problem remains equally acute today. Many downtown facilities have waiting lists stretching well over a year.
Shortages of in-home caretakers — who do the vast majority of care work in the city — are even more severe. A decade ago, surveys suggested Shanghai needed an extra 550,000 domestic workers to meet its elder care needs.Care solutions for the elderly have only grown hundreds-fold in China since the market reforms. Clearly, as the elderly population booms and China continues to get richer and more assertive, the only plausible outcome is that they will, by the operation of some mystical and observably-declining cultural factors, cease to grow.“My mother has three children and the three of us shared the responsibility of providing for her,” says Huang. “I can’t imagine what things will be like when I get too old to take care of myself. My child’s generation is the country’s first generation of single children. They’re going to deal with huge pressure.”
No, it doesn't take an expert to follow the crumbs and predict that the private industry will consolidate and rationalize and the expansion of the public safety net will at a minimum become a subject of ongoing debate. It doesn't take an expert because it happens everywhere that the elderly population booms. The Chinese are not magic space aliens, they're modern human beings. Just ask the Japanese and South Koreans how they're treating the 'family-only' model. Although, to be fair (???) to the South Koreans, they seem to be getting by in adopting the model of simply not giving a shit. Actually, it's not wild to imagine the Chinese government endorsing such a 'solution', even in the case that SK later amends it.
For a proxy worth the comparison, Asian-American attitudes to nursing homes (the most 'extreme' option in long-term care):
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6403016/
Compared to polling on Americans in general, with the caveat that this refers to "preference" rather than "willingness":Approximately 38% of the sample demonstrated willingness to use a nursing home. Higher odds for willingness were observed among those with advanced age, female gender, Korean ethnicity (compared with Chinese), better education, presence of a chronic medical condition, longer years of residence in the U.S., and lower levels of family solidarity.
https://www.longtermcarepoll.org/lon...nd-caregiving/
Most Americans age 40 and older (77 percent) would prefer to receive care in their own home, with far fewer preferring to receive care in a senior community (11 percent), a friend or family member’s home (4 percent), or a nursing home (4 percent). Among those who prefer to receive care in a home setting, there are gender differences in preferences for who provides that care: men would prefer to receive care from a spouse (51 percent vs. 33 percent), and women would prefer to receive care from their children (14 percent vs. 35 percent).
In conclusion Western society prioritizes individualism, whereas it is the sacred, immutable way of the esoteric Seres to uphold the collective.
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