A friend sent me this link,
http://en.wikipedia.org/wiki/William_J._H._Boetcker
quoted from Wiki,
William J. H. Boetcker (1873 – 1962) was an American religious leader and influential public speaker
1 You cannot bring about prosperity by discouraging thrift.
2 You cannot strengthen the weak by weakening the strong.
3 You cannot help little men by tearing down big men.
4 You cannot lift the wage earner by pulling down the wage payer.
5 You cannot help the poor by destroying the rich.
6 You cannot establish sound security on borrowed money.
7 You cannot further the brotherhood of man by inciting class hatred.
8 You cannot keep out of trouble by spending more than you
earn.
9 You cannot build character and courage by destroying men's initiative and independence.
10 And you cannot help men permanently by doing for them what they can and should do for themselves.
In the old days, it is not only Asian likes to save but also Americans do.
Maybe modern world will be destroyed by ourselves!
When there is serious inflation over time, people tend to spend more rather than saving the depreciating money. Under WTO, PRC's financial section will soon be forced to open. It will be interesting to see how we defend our "good" high saving rate culture.
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