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Dynasties：The power of families 4.18
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So^^So 2015-4-27 11:07
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On April 18, The Economist published an article named “Dynasties ： The power of families”. The enduring power of families in business and politics should trouble believers in meritocracy. But there is an old saying: Like father, like son. The author tells us, around the world, in politics and business, power is still concentrated in the family. Power families and dynasties are here to stay. In politics the phenomenon exists. The Clintons and the Bushes in USA, the Ghandis in India, the Bhuttos in Pakistan, the Kenyattas in Kenya, a Fujimori in Peru and a Trudeau in Canada. Meanwhile the children of Communist Party grandees and Xi Jinping. In Europe, the same case happens. Fifty-seven of the 650 members of the recently dissolved British Parliament are related to current or former MPs. France's president has four children with former presidential candidate. Three generations of Le Pens are squabbling over their insurgent party. Belgium's prime minister is the son of a former foreign minister and European commissioner. The names Papandreou and Karamanlis still count for something in Greece. Political dynasties have a powerful mixture of brand names and personal connections. In business, too, family companies continue to thrive. Family companies can be more flexible and far-seeing than public companies. Family owners typically want firms to last for generations, and they can make long-term investments without worrying about shareholders hunting for immediate profits. Prominence of Power families reflects the increasing prosperity of Asia, where families traditionally play a large role. It has many advantages, but it has a serious problem that people should be judged on their individual merits rather than their family connections or their brand name. Family power also has its dark side--especially where business and politics are entwined in an exclusive nexus of money and influence. Pyramid ownership structures also enable a small chunk of capital to exert a large degree of control. What is the most important: Family power, like any other sort, needs watching over, if it cannot be contested, it should not be welcome. This topic is very interesting not only the topic itself, but also it matches the previous theme about Hillary Clinton running for president. Family power exists everywhere. In old china, many people obtain the upper position through the imperial examination system. Today, this case also happens, people who are in a lower class want to improve their position by accepting higher education. But what we can see that it is more and more difficulty for them to be successful in achieving this goal. Along with maturity of the society, class solidification happens. This inequity happens in the beginning of children’s life. Power families can provide their children with more abundant resources in social capital, communication skills, connections with higher-position people, education and etc. So they have more broaden eyesight and richer life experience at an early age. According to a research, it is not important for one to go to elite or not, as long as he or she(may be not she) is clever enough, he can get high position similarly with the one who is as the same clever as him goes to elite. But if the former has a power family, he can get higher position than latter. The good news is it is not necessary for you to get higher education if you want to be successful. The bad news is that it depends mostly on your background. Heroes emerge in troubled times. Who can be sure that someone can’t be successful if he is with plenty of wisdom, a sophisticated personality, a gimlet eye and, what is the most important, sufficiently ambitious.
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个人分类: 每周经济学人评介|99 次阅读|0 个评论
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Australian PM: We owe it to families to try to solve Malaysia Airlines Flight 37
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912726421 2014-3-21 17:40
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CNN) -- Despite better weather, the first of five search planes dispatched to look for floating debris that could be related to missing Malaysia Airlines Flight 370 returned to base Friday without spotting anything of note. The surveillance planes are looking for two objects photographed by a commercial satellite on Sunday bobbing in the remote and treacherous waters of the southern Indian Ocean off the west coast of Australia. Aircraft and a merchant ship scoured the area Thursday, but found nothing in a search hindered by poor weather. Flight 370 vanished 14 days ago with 239 people aboard, and the announcement Thursday by Australian officials that they had spotted something raised hopes of a breakthrough in the frustrating search. On Friday, Australian Prime Minister Tony Abbott defended the decision to announce the find, saying that Australia owes it to families f those missing "to give them information as soon as it's to hand, and I think I was doing that yesterday in the Parliament." But he reiterated a warning that two objects spotted by satellite in a remote area of the southern Indian Ocean, which are now being sought by aircraft and ships, may not be related to the search for the plane.
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