What quick riches

							What quick riches
Flourishes been staged in China, the story is what the riches of soil cultivation, we
look at how extreme wealth growth?
Who has the fastest wealth? Best answer may not be 13 times with village Forbes
Rich List top of Bill Gates. The world's richest man, spent more than 25
years, will accumulate more than 500 billion dollars in wealth. But the wealth of the
nouveaux riches for many, this speed is not worth too much praise.
Forbes richest people in 2007, Google founders Sergey Brin and Larry Page, two to
16 billion U.S. dollars each ranked 26th, but stunning, they accumulate such wealth
only a few more than two years.
But perhaps not really the fastest sudden wealth. After the disintegration of the former
Soviet Union among the wave of privatization, a large number of Russian tycoons
emerged, according to statistics, Russia's top 100 richest share in total
wealth reached 248 billion U.S. dollars, the equivalent of Russian nominal GDP
(nominal GDP) of more than one quarter.
Today, the riches myth already staged its Chinese version. The story of which both
Echoing with the world trend, there are purely Chinese original.
All kinds of wealth Legend
New Branch in China's richest man, Zhengrong Shi Suntech Chairman and
others are disgusted with the "flourishes" to describe the growth
of his wealth.
December 16, 2005, Suntech in the New York Stock Exchange, stock prices soaring,
January 13, 2006, his fortune soared to 2.313 billion U.S. dollars worth. Less than a
month, Dr. Shi family will be doing my part of the "richest man in
China."
Started from two million U.S. dollars to 20 billion dollars in net worth, of which no
doubt includes many entrepreneurs hard work and wisdom, but in its wealth and
growth in terms of speed, known as "sudden wealth" is not an
exaggeration.
In fact, emerging technology and capital markets combined with the wealth generated
by reaction of magic, has created a large number of early China's rich
became rich overnight.
Beijing the evening of 8 August 2005 11:40, Baidu formally listed on the Nasdaq
stock market. Shares calculated in accordance with the day, Baidu CEO Robin Li,
founder of the worth and has more than 900 million U.S. dollars, would definitely
nominated this year, the mainland of China Rich List top 10. This is the IT world is no
shortage of such riches story. July 14, 2005, Focus Media listed on NASDAQ in the
U.S., CEO Jason Jiang of Focus Media listed in the former has a 41.3% stake,
according to their issue price of 17 U.S. dollars per share, diluted in the share Jason
Jiang, worth nearly 200 million U.S. dollars.
As we all know, including Robin Li, CEO of Shanda Jason Jiang and wealth,
including the new darlings of the new economy is not the first group and the capital
market because of a combination of people who became rich overnight. Charles
Zhang, Sohu their predecessors, NetEase's William Ding long as their stock
in the Nasdaq's outstanding performance and rapid forefront among the
Rich List.
Giant global consulting firm Boston Consulting Group (BCG) published the
"World Wealth Report 2006" that China has become the
world's wealth, one of the fastest growing markets, the total number of
millionaires in China is ranked sixth in the world.
The wealth of these millionaires have achieved the exact same way. Some conform to
the emerging trend of industrial development, and some rely on capital market
operations, and others rely on channel monopoly, technological innovation ... ... Of
course, some people's riches more simple way, is lucky lottery market or
the stock market.
However, it is undeniable that a large number of millionaires in China, the
accumulation of wealth is not the way everyone can withstand scrutiny.
A recent well-known on the night of riches myth, Dongyang City, Zhejiang named
Miss Wu Yingde created.
Ying Wu as if a night in the world. In 2006 she was 200 million yuan in cash to buy
more than 700 shops; 5 million yuan donation Dongyang the Glorious Cause; two
months Dongyang out 12 large industrial. Previously, she was just small-town owner
of a service establishments.
The riches myth until February 10, 2007 Ying Wu for illegal fund-raising only
shattered Beixing Ju, Wu Ying I also ended up in jail in the end, the myth into a
tragedy.
One economist said: "China's rich have accumulated in a short
time several hundred million dollars of wealth, are rare in the history of the
world's capital, the capitalist primitive accumulation of most of the early
experience of 100 years of effort, but They need 10 years to complete even a few
years! "This corruption did not make it run enterprises, do not rely on
science and technology, there is no longer primitive accumulation, not to the hard
work of entrepreneurs, rely on some" right "and"
rich "between the" capital operations "were
completed.
Baiyun travel car rental company in Dalian State-owned enterprises to private
enterprises in the restructuring, the original company's legal representative
and other management staff of 15 companies with 404 million will buy. The new
private company registered by the company and former general manager of the former
party secretary of the shares held for more than 80% of the original value of the
company more than 4,000 taxis operating in more than 200 million license plates, also
to 2.23 million yuan of "super cheap "transferred to the
management staff. This is yet another reform of state-owned MBO
"flourishes" story. Restless money
Recalling the history of reform and opening up, China has undergone several waves
of sudden wealth are more obvious:
The first was the late 70s and the 80s era of self-employed and profiteering by the
sudden wealth, when the vast majority of people to go to college, have a work unit,
holding a iron rice bowl as the happiest thing, but it was a step some of the
self-employed The first step out of the rich, some people have become the first wave
of sudden wealth leader; the first wave of sudden wealth still a group is profiteering at
the limit, index, approval can be traded in the decade, the power to So money is equal
to some officials of deliberately reselling approval, targets, a handful of ruthless
fishing.
The second time was 1986 to 1992, the stock market riches of the times, 1992 years
ago, China's stock market can be said that one of the best path to riches, as
shortages and blind obedience, so that it reached the madness of the stock market
environment, the stock market more and more like a mad surge to a number of
achievements were suddenly rich.
The third wave of sudden wealth from 1992 to June 1993, some people from the real
estate speculation Large profiteer, gave birth to a lot of billionaires. Deng
Xiaoping's southern tour in 1992 after the economic boom, many people
flock to coastal areas. Seems to be overnight, Hainan and Guangxi Beihai land
speculation as the core of the frequent storms, instant emission of many people who
rely on real estate fortunes.
Now the momentum is no doubt China's economic development was more
rapid than the. China University of Political Science Professor Yang Fan pointed out
that the stimulation of multiple factors, China has entered a period of sharp increase in
wealth.
He believes that the aging in 2019 and 12 years before the arrival of the 12 years the
growth of GDP, will likely reach 58 years ago more than 3 times. Such wealth and
market expansion prospects, international capital to China increased the valuation of
wealth, a huge influx of capital is also China will continue to prove that
China's rise has been recognized by the international community, but also
to some extent resulted in China domestic capital supply than demand for excess
liquidity.
Representative of the contemporary international speculative capital Soros
"believes his own false," a book written, balanced market,
though everywhere, investors Quemei meaningful, because there can only be an
average profit margin, and the use of balance can be found to reap huge profits. He
further realized that in certain periods in certain countries may have a
"historic opportunity" to achieve the rise of non-equilibrium.
Boston Consulting Group's report also shows that emerging markets in
China, Brazil, Russia, India, the wealth growth rates are higher than the global
average. "At present, the four countries are listed among the
world's 20 largest wealth market out." Along with China, Brazil,
Russia, India and four countries, rapid economic development, its wealth market is
expected to grow at twice the global average pace.
With the increase in China's own economic strength and global capital on
China's growing concern about excess liquidity has become a notable
feature of the economy, which means that there are too many "restless
money" looking for opportunities in China, it is also These restless money,
riches myth of producing the best soil. Riches Complex
Liu Jiang (a pseudonym) is the editor of a well-known media, as a media person, and
his idol is not a Lippmann, the famous journalist Fallaci so - he is an admirer of
Google myth. Now he is moving in this direction. "I have created a
business plan, I do appreciate it is to find the risk of investors." He said.
Liu Jiang hoped that the enterprise funds in the future can become the darling of the
Nasdaq, which describe the wealth of their own story.
This example is not new. Shenzhen, once a child in a newspaper conducted a survey:
"How much you want in this life", the result is 14.58% of
people want to make more than 100 million yuan, 16.67% of people want to make 10
million or more; want to be a millionaire as much as 27.08%.
The Beijingmoubao a survey revealed that 20% of the respondents (young people)
want to have the opportunity to overnight riches. Ironically, in the respondents, the
majority of wealth implementations are lottery or the stock market to start thinking
like Liu Jiang have looked like "Down to Earth" was.
According to the Ministry of Finance revealed that China's lottery sales in
2006 exceeded 80 billion yuan, hit a record high. Hot stock market in 2006, and China
emerged again, "All stock" of the spectacle. This may be able to
show that people have the desire for wealth How strongly.
"Almost every Chinese person has 'overnight riches'
like a dream, 'flourishes' almost almost become a contemporary
Chinese society, a general consensus of the people." A man named Xue
Feng, observers said, " According to my observation, 'overnight
riches' in Chinese society today is almost all the common dream of a
universal psychology, just as people age, culture and experience different,
demonstrated by the 'overnight riches' mentality was different
intensity levels, as other areas are the same. "
Today, the "flourishes" really becomes almost every Chinese
person has the common mentality, not only too much reflected in the psychological
behavior of individuals, but also reflects more on the domestic industrial and
commercial enterprises and the whole economic sector and business owners of
investment business activities which make the current national shows in many
industries are "flourishes" influenced by the ideology of the
situation. For example, in the past few years, the domestic real estate market, the
reason for the large area of investment, speculation was rampant, also is investors will
want their own "fortune overnight."
Shanghai University of Finance and Economics Professor Du Xun Cheng believes
that the formation of people's riches complex, there are many other reasons,
a very important one, is to change society, people's income gap quickly
opened. In the past, traditional society, the social redistribution of wealth, although it
also continuing, but relatively slow, after all, generally speaking, the
"generation" to calculate a farmer to become a landlord, not the
accumulation of several generations is not enough. No sound in the modern market
economy conditions and confusion of social and political conditions, very few people
can quickly riches. For example, the sudden wealth comprador is stunning:
"Match King" Liu Hongsheng the last century when the Kailuan
comprador, a couple of years, earning more than 80 million ounces of silver. Zheng
Bo Zhao Ren American Tobacco Company comprador and family, as many as tens of
millions. Xu Yun-do real estate, a few years, earning several million ounces of silver,
but compared to his contemporaries in Shanghai real estate magnate Wang Mou, the
pretty pale into insignificance.
People's psychological others getting rich can afford and not be able to
withstand great riches of others, suddenly rich, thus losing mental balance and
become restless. Contemporary China is in transition, some advantages of using a first
or reform some of the imperfections, quickly rich, the wealth effect into sudden
wealth effect.
However, if not properly guide and control the hazards of such sudden wealth effect is
obvious. Refused to riches mentality
Not long ago, "Fortune" magazine revealed that the number of
Russian billionaires have been ranked second in the world. Russia, a major survey
agencies conduct a public opinion poll showed that 39% of those surveyed have so
many billionaires in Russia shame, only 7% of those surveyed are proud of their
billionaire.
Similarly, the market economy, the rich society in transition mode and a stable market
economy, the rich social forms generated under the model is different. Some people
get rich in the natural competitive process is the accumulation mode to snowball in
the form of money piled up. Most of them rely on more human capital, there are
business minded and able to seize the opportunity. While some people get rich
countries in transition mode as a sharply on the performance of riches, which there are
two types of radical (shock therapy) is a rapid privatization of Russia, there appeared
a group with the scent of the oligarchs .
LI Mao-sheng said the original plan we talked about the common prosperity of the
economy with a very strong egalitarian, egalitarianism of the overall model, people
are not riches. Over the past that era, very few riches, by fortune, but as long as he
lives above the level of ordinary people immediately around them will cause concern.
Therefore, under the rules of the game like that, as the institutional and policy
environment is essential not riches.
"To choose market-oriented reforms, and plans on completely different era,
when the system can not keep up the legal system prone to sudden wealth."
Mao-Sheng Li said.
In his view, now widely popular social desire for riches mentality is worrying.
"China's current phenomenon of sudden wealth and the worship
of animals and the trend intensified, if not a benign and progressive cultural and
political persuasion, will eventually lead to total collapse of systems of social
civilization and the formation of a series of unrest in the capacity of the status quo is
not practical to work hard , not to sacrifice to achieve the value and return for the only
gap in law is a map, the only flaw is the map system, the only embezzle the public
wealth is the map of social riches desperately blind obedience to the spirit of form,
color different groups. "said one observer.
"Flourishes" the prevalence of society as a whole will inevitably
form a profit-oriented and impulsive of the prevailing wind. One's growth,
knowledge acquisition and accumulation of culture, must go through a long process,
must little by little, step by step, the result of sustained efforts. Once people discover
the wealth of the rich through hard work and opportunities not available, but through
illegal means, it may have two consequences: First, hostility to the rich, and then put
on the power of hate crime, transformed into rich body; second, through non-normal
channels to achieve well-off, such as close to the power of such crimes, resulting in
the loss of social wealth of the normal channels.
The growth of wealth and social wealth creation is always proportional to the degree
of      effort.     Assuming        a     certain     growth      of     social    wealth,
"flourishes" are or may be by way of mandatory plunder the
wealth of others, or by means of systematic plundering the wealth of others, which
makes the distribution of wealth in society as a whole acts completely distorted . The
incentive of wealth creation will be seriously weakened, so adverse selection appears
to create wealth, social wealth will grow less and less.