Taiwan is experiencing explosive GDP growth due to chip exports, but some Taiwanese feel left out.
Taiwan’s Central Bank Governor Yang Chin-lung has sounded the alarm about an emerging “K-shaped economy,” where certain sectors grow rapidly while others fall into stagnation.
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A country adopts free-market economics (privatization of SOEs and so on), gets K-shaped economy, shock ensues.
What’s a K shaped economy?
When the rich get richer and the poor get poorer.
That’s terrible. Not a win for the economy at all then
The fascist dictatorship turned captured capitalist oligarchy is ‘becoming’ a k-shaped economy?!
I’m shocked! Shocked I tell you! If only there were some type of peasant uprising and civil war that could have prevented this!
