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How do Han Chinese Immigrants Own 80% of East Asian Stocks?
In this video, we delve into the fascinating phenomenon of Chinese economic dominance in Southeast Asia and beyond. Malcolm and Simone discuss why Chinese communities, often compared to Jews in their financial prowess, control significant portions of local economies in countries like Myanmar, Laos, and Vietnam despite being small minorities. The video explores historical, cultural, and socio-economic factors behind this trend, including the influence of Confucian values, the impact of historical migrations, and the concept of 'Guangxi' or trust-based networks. The discussion also contrasts the Chinese experience with that of Jews, examining different cultural traits and survival strategies. Join us as we navigate through data, historical anecdotes, and personal insights to understand what drives the remarkable success of Chinese communities across the globe.
Malcolm Collins: [00:00:00] Hello, Simone! I'm excited to be here with you today. Today, we are going to be discussing the Jews of Asia, the Chinese. And people might say the Chinese are the Jews of Asia. Look, it's something that people have said. But also, isn't it a
Simone Collins: thing for like, How to make money like a Jew, aren't those popular books in China?
Yeah, Chinese
Malcolm Collins: people, like, in China, there's this whole category of books, like how to make money like a Jew, or how to do finance like a Jew, or how to teach your kids about money like a Jew. There's some
Simone Collins: kind of, like, this, these people get it thing going on.
Malcolm Collins: Yeah, but we're going to be discussing a phenomenon where Chinese people make up the vast majority of income for specific regions through Southeast Asia.
So like outside of China why this phenomenon might be happening and what we might actually be able to learn from Jews about this phenomenon, because it's happening with this vastly different culture in the Chinese, what's causing it and where can we look at people like, oh, it's the middleman. Like, like, merchant phenomenon.
It's not the middleman merchant phenomenon. That's a stupid idea. That's, that's what people stay to try to avoid the offensive takes. I'll put a map on screen here [00:01:00] so people can understand how extreme this phenomenon is. Okay. So, the bottom number on this map is the percent that is Chinese, ethnically Chinese of these economies.
And this is Han Chinese. And then the top percent is the percent of the. Total economy that they control. Oh, no. So, in Myanmar, 3 percent are Chinese, 76 percent of the economy is Chinese. Oh,
Simone Collins: no. Laos,
Malcolm Collins: 1 percent are Chinese, 99 percent of the economy is Chinese.
Simone Collins: Why are we stepping on this hornet's nest? In Vietnam,
Malcolm Collins: this is the hornet's nest.
I am sticking my Thing in with a bat,
Simone Collins: just shaking it around. Okay,
Malcolm Collins: great. And this, this had been all removed from Wikipedia. I had to go to like old version of Wikipedia because they're like, this is too offensive. In Vietnam, 1% are Chinese. They own 41% of the local economy in Thailand, 14% are Chinese.
They own 81% of the local economy. God. And in Malaysia you've got 22 percent Chinese, 63 percent of the local [00:02:00] economy.
Simone Collins: Oh, come on.
Malcolm Collins: In Indonesia it's a little confusing here. I can't tell because they have like one side here and the other side. Well, okay. So in, in Malaysia, it might be like the bright side of Malaysia is like 10 percent Chinese, 24 percent of local economy.
We'll see in Indonesia. Oh, this is Singapore. I'm looking at here. It's the one little thing h
Published on 10 months ago