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When I grew up, in Taiwan, the Korean War was seen as a good war, where America protected Asia. It was sort of an extension of World War II. And it was, of course, the peak of the Cold War. People in Taiwan were generally proAmerican. The Korean War made Japan. And then the Vietnam War made Taiwan. There is some truth to that. ↗
You know, in a business, you have to operate on the basis of voluntary investment by individuals in a cause. With government, there is no voluntary effort to invest capital. It's just taken and invested. And the same accountability is not at play. The same natural forces in the economy are not at play. ↗
