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by notastartup 4446 days ago
South Korea definitely had a period of dictatorship and hard knock life for it's citizens. I think Taiwan also had a period of such oppressive rule. Chile as well had dictatorship up to 90s.

At least South Korea is doing well because it has seen so much sacrifice of it's own people by enriching the nation's government and it's handful of conglomerates. They may be doing well but South Korea and Japan has the highest suicide rates, a sign that although economically prosperous do not equate to collective happiness. Chile for instance has a higher happiness index than of South Korea or Japan.

However, I will add that such economic progress is not at all miserable and unwanted situation. U.S. has provided much of the security guarantees and the environment for such successes.

1 comments

You are entirely correct. All of these Asian economic successes were under a military dictatorship. The work week in South Korea is 6 days, 16 hours a day. It's not magic, it's really hard work and strictness.