TIP282: Novel Coronavirus (COVID-19) Economic Impact w/ Erik Townsend (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
Sacrificing Individuals for the Greater Good in Decision-Making
The Chinese government is facing a dilemma in handling the COVID-19 crisis, with the choice between keeping the export business running or preventing the spread of the virus. There is a perceived political struggle within the government about this decision. The focus seems to be on maintaining the power and stability of the Communist Party rather than individual rights. Chinese culture tends to prioritize the collective good over individual rights, potentially leading to difficult decisions like sacrificing human life for the country's long-term interests. This cultural difference contrasts with American emphasis on individual rights. The speaker speculates that the Communist Party will prioritize its authority and economic mission over individual lives in making decisions during the crisis.
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