omooc

Emerging Markets: Millions Returning to the Natural Economy

What's wrong with returing to your rural roots? In China, a few years in the city allowed one to save some money, thereby allowing one to build a house in the rural area, and to return there from time to time. In the Chinese-language paper I read, I saw a photo, a couple of days ago, on the front page, showing the backside of a bicyclist, returning home, with a big washing machine (by Haier) at the back. The general attitude seems to be positive -- a few years in the city is nice, but returning to the rural home with your spouse and family is nicer. With simple tastes and no debt, plowing the field is gainful employment.