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Wall Street Oasis » Forums » Monkeying Around
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Is the US still the best country to be in?
 

ltohang's picture
ltohang
     
 
(Baboon, 139
 
Points)
 on 1/1/13 at 9:32pm

the economist released this new study today that listed the best countries to be born in in regards to living qualities
the economist released this new study today that listed the best countries to be born in in regards to living qualities
http://www.economist.com/blogs/graphicdetail/2013/...

the US topped the list in 1998 but fell all the way down to 16 in 2013., having countries like australia, singapore, hong kong, taiwan, austria ahead of it. I immigrated to the US in 2001 and I'm now a college student at a top 20 university. it's hard for me to imagine those countries are ahead when so many people are still trying to come here due to our higher education and job opportunities.

thoughts?

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mongoose's picture

Let me put it to you this

mongoose
      O
 
(King Kong, 1,040
 
Points)
 on 1/1/13 at 9:50pm

Let me put it to you this way:

I am from a country in SE Asia, and went to HS there. The best students in the country apply to come to the United States, leaving Europe, Australia et all for the less talented students, and the better students who can't get into US colleges.

These rankings are all bullshit. Ask a poor valedictorian kid anywhere from Vietnam to Nigeria where do they want to go, and the single answer is the United States.

Maybe if you are not ambitious, and want to have a safe and comfortable life, then you can go to all these higher ranked countries. But for those with a raw desire to move ahead in life, the US is only game in town. Just ask me. (Although I have not achieved anything yet!)

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IlliniProgrammer's picture

The US is the most

IlliniProgrammer
      ST
 
 
(Almost Human, 9,258
 
Points)
 on 1/1/13 at 10:16pm

The US is the most politically (and militarily) stable of the capitalist countries in the top twenty on that list.

The four countries more capitalist than the US on that list are tax-haven city states.

I mean, you could go and work in the UAE if you really wanted to, but autocracies have their issues...

http://www.bloomberg.com/news/2010-08-10/jailed-in...
http://www.totalbankruptcy.com/news/articles/legis...
http://www.huffingtonpost.com/johann-hari/dubai-ha...

Singapore, Hong Kong, and Taiwan are a little better, but they are tiny island nations with no resources, which is what the 21st century could very well be about.

If that really is the case, Canada and Brazil could be two of the best countries to live in of the 21st century. Same with Argentina, South Africa, and Russia if they can figure out how to run moderately regulated capitalist democracies.

But the US will always be in the top five, maybe top ten, at least given current population and current resources.

Work hard, play hard.

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In reply to JamesHetfield
ltohang's picture

JamesHetfield: Let me put it

ltohang
     
 
(Baboon, 139
 
Points)
 on 1/1/13 at 10:12pm
JamesHetfield:

Let me put it to you this way:

I am from a country in SE Asia, and went to HS there. The best students in the country apply to come to the United States, leaving Europe, Australia et all for the less talented students, and the better students who can't get into US colleges.

These rankings are all bullshit. Ask a poor valedictorian kid anywhere from Vietnam to Nigeria where do they want to go, and the single answer is the United States.

Maybe if you are not ambitious, and want to have a safe and comfortable life, then you can go to all these higher ranked countries. But for those with a raw desire to move ahead in life, the US is only game in town. Just ask me. (Although I have not achieved anything yet!)

singapore?

also if anyone can answer this question for me that'd be greatly appreciated. how do the best schools in those countries such as university of HK, national university of singapore, HKUST, peking U, etc. stack up against non-ivy top 20s such as vanderbilt, notre dame, georgetown, rice, etc?

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In reply to ltohang
IlliniProgrammer's picture

ltohang: singapore? Singapo

IlliniProgrammer
      ST
 
 
(Almost Human, 9,258
 
Points)
 on 1/1/13 at 10:27pm
ltohang:

singapore?

Singapore's problem is that it's a tiny city state with few resources. And that is what the 21st century will probably be about. We will have eight billion very educated people on this planet, mostly in capitalist or state-monopoly capitalist regimes, and only so much grain, natural gas, oil, and water to go around.

The Malaysia merger experiment was very interesting for Singapore. I have never lived in Singapore or Malaysia, but it would be interesting to ask if it would be worth trying again.

In the Malthusian worldview, the US will always be near the top in terms of affluence due to its resource/food production vs. population. More resources and better technology with fewer people, especially in a world flush with capital, means greater affluence and a higher cost of labor.

Work hard, play hard.

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goblan's picture

U.S. will be the #1 forever,

goblan
      IB
 
(Senior Orangutan, 396
 
Points)
 on 1/1/13 at 10:31pm

U.S. will be the #1 forever, sorry commies

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humble_dude's picture

What impress me the most is

humble_dude
      O
 
(Orangutan, 358
 
Points)
 on 1/1/13 at 11:00pm

What impress me the most is The Economist has balls to list TaiWan as a country.

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Quaneaser's picture

Seems like an apples to

Quaneaser
     
 
(Baboon, 125
 
Points)
 on 1/1/13 at 11:07pm

Seems like an apples to oranges comparison. The US population is almost DOUBLE the size of the top 15 of that list COMBINED. NYC is bigger than most of those countries and no where near as homogenous. That's why I see it hard to put Singapore as a better place to be then the entire United States of America. US citizens have the freedom to live in any of the major metropolitan areas and they stack up perfectly well with Hong Kong/Singapore/etc.

The US has the best educational institutions, the largest companies, and the strongest political system out there. The opportunities for personal growth and achievement are virtually endless.

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aicccia's picture

ltohang: the economist

aicccia
      PT
 
(Senior Monkey, 85
 
Points)
 on 1/1/13 at 11:05pm
ltohang:

the economist released this new study today that listed the best countries to be born in in regards to living qualities
the economist released this new study today that listed the best countries to be born in in regards to living qualities
http://www.economist.com/blogs/graphicdetail/2013/...

the US topped the list in 1998 but fell all the way down to 16 in 2013., having countries like australia, singapore, hong kong, taiwan, austria ahead of it. I immigrated to the US in 2001 and I'm now a college student at a top 20 university. it's hard for me to imagine those countries are ahead when so many people are still trying to come here due to our higher education and job opportunities.

thoughts?

I doubt anyone who has answered so far has actually been to these countries ranked higher than the U.S. Of these ones ranked above the U.S., I've traveled or worked in 4: Australia, Singapore, Netherlands, and Hong Kong.

In terms of economic and political stability, as well as general quality of life, they all blow the U.S. out of the water. I will be returning to Singapore or Australia as soon as I can. Anyone who thinks the U.S. is still the best country in the world needs to go traveling and wake up the fuck up.

"It's not that I'm so smart, it's just that I stay with problems longer." - Albert Einstein

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In reply to Quaneaser
aicccia's picture

[quote=Quaneaser]and the

aicccia
      PT
 
(Senior Monkey, 85
 
Points)
 on 1/1/13 at 11:09pm

[quote=Quaneaser]and the strongest political system out there. /quote]

That was a joke right?

Take a look at Singapore's government.

"It's not that I'm so smart, it's just that I stay with problems longer." - Albert Einstein

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In reply to aicccia
IlliniProgrammer's picture

aicccia: In terms of

IlliniProgrammer
      ST
 
 
(Almost Human, 9,258
 
Points)
 on 1/1/13 at 11:18pm
aicccia:

In terms of economic and political stability, as well as general quality of life, they all blow the U.S. out of the water. I will be returning to Singapore or Australia as soon as I can. Anyone who thinks the U.S. is still the best country in the world needs to go traveling and wake up the fuck up.

Singapore has no natural resources; produces no food of its own; has little in the way of energy reserves or any metals.

In some ways, the island looks like a tax haven. That's great, but if 8 billion people who all want to be middle class continue putting pressure on global resources, Singapore *could* find itself in trouble as the export walls start going up. From an economic (not cultural) standpoint, you guys really need to take another look at a merger with Malaysia. Both countries have modernized a lot over the past 45 years; I wonder if it could work this time, and it would leave Singapore in a less precarious resource situation.

I think Singapore will do well over the next half decade; maybe full decade. I think the 30-40 year outlook is a little more dubious. If Singapore were in Canada, I would probably agree with you.

Work hard, play hard.

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In reply to aicccia
Quaneaser's picture

[quote=aicccia] Quaneaser:

Quaneaser
     
 
(Baboon, 125
 
Points)
 on 1/1/13 at 11:17pm

[quote=aicccia]

Quaneaser:

and the strongest political system out there. /quote]

That was a joke right?

Take a look at Singapore's government.

How are you measuring strength of government? Again as I already stated it would be hard to compare a tiny country to the US in terms of long term performance of its financial centers as well as government stability.

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In reply to IlliniProgrammer
aicccia's picture

IlliniProgrammer: aicccia:

aicccia
      PT
 
(Senior Monkey, 85
 
Points)
 on 1/1/13 at 11:23pm
IlliniProgrammer:
aicccia:

In terms of economic and political stability, as well as general quality of life, they all blow the U.S. out of the water. I will be returning to Singapore or Australia as soon as I can. Anyone who thinks the U.S. is still the best country in the world needs to go traveling and wake up the fuck up.

Singapore has no natural resources; produces no food of its own; has little in the way of energy reserves or any metals.

In some ways, the island looks like a tax haven. That's great, but if 8 billion people who all want to be middle class continue putting pressure on global resources, Singapore *could* find itself in trouble as the export walls start going up.

I think it will do well over the next half decade; maybe full decade. I have my doubts about the 30-40 year outlook.

Their natural resource is having the most private government in Asia and one of the most uncorrupt governments in the world. The stated long-term objective of the country is to become the "Switzerland" of Asia, providing a safe and private haven for the growing wealth of Asia.This economic model has served Switzerland well for hundreds of years.

"It's not that I'm so smart, it's just that I stay with problems longer." - Albert Einstein

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In reply to aicccia
IlliniProgrammer's picture

aicccia: Their natural

IlliniProgrammer
      ST
 
 
(Almost Human, 9,258
 
Points)
 on 1/2/13 at 12:12am
aicccia:

Their natural resource is having the most private government in Asia and one of the most uncorrupt governments in the world. The stated long-term objective of the country is to become the "Switzerland" of Asia, providing a safe and private haven for the growing wealth of Asia.This economic model has served Switzerland well for hundreds of years.

Which is fine, but Switzerland has been self-sufficient on food and natural resources since John Calvin was dictator of Geneva.

You forget that Switzerland was surrounded by Nazis in WWII and Hitler sort of wanted Switzerland. Part of the reason they remained neutral during WWII was geography (mountains) and the fact that they didn't need to trade with anyone.

I hate to suggest ideas to other countries when I have no idea about the politics going on in them, but from a purely economic standpoint, Singapore could enjoy much better resource stability if it merged with Malaysia.

Good government is not an important natural resource when the real resources that the other 80% of the economy runs on (EG: oil, natural gas, grain, metals) become scarce enough that they are difficult to export from other countries.

So over the long run, I would place my bets on Canada, Australia, Brazil, and maybe Argentina/Russia if they can get their acts together.

The US will be a decent place to live and invest too, but probably not quite as good as Canada. Singapore will do as well as the US if it can merge with a country that can give it some self-sufficiency on resources, but I don't see how an island nation of 5 million people that's 15 miles by 30 miles can really do that well if the 21st century is about resources and the world tracks to the potential Nash equilibrium of resource mercantilism.

Finally, of course, there is the problem that Singapore's government isn't exactly the CCCP, but the country might not be a western democracy either. This is of course a bit of a touchy subject for many native Singaporeans; I am just going to do is offer a link to Wikipedia that offers some discussion on this:

http://en.wikipedia.org/wiki/Singapore_politics#Po...

Western liberal/libertarian democracy is a noisy, dirty process- especially in a country like the US where we have many loudmouthed idiots, low-information voters, and a number of crooks who call themselves politicians. But it also promotes some of the best innovation.

Singapore is a very interesting country. If it were a two-party democracy with the same liberties as the US or Europe with the US's resources, but had the Singaporean government's efficiency, it would probably do much better than the US over the next 50 years.

Work hard, play hard.

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SirTradesaLot's picture

IP -- What has gotten you on

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 1/2/13 at 12:11am

IP -- What has gotten you on this Malthusian rampage lately? I mean, it's always a good thing to have resources, but seemingly, most of this guy's theories have been proven overly pessimistic many times. What makes you so confident it will be different going forward?

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to SirTradesaLot
IlliniProgrammer's picture

SirTradesaLot: IP -- What has

IlliniProgrammer
      ST
 
 
(Almost Human, 9,258
 
Points)
 on 1/2/13 at 12:39am
SirTradesaLot:

IP -- What has gotten you on this Malthusian rampage lately? I mean, it's always a good thing to have resources, but seemingly, most of this guy's theories have been proven overly pessimistic many times. What makes you so confident it will be different going forward?

This time we have 10 billion people, global warming, and most of the world's arable land under grain production. At the same time, labor is getting a lot cheaper in the west. That labor also happens to vote in some of the most resource-rich capitalist countries in the world- and Russia has already restricted a lot of resource exports.

Look, the market does have 15-20 year cycles of resources vs. equities. Malthusians- as well as long-term equity bears have always said "But it's different this time!" My argument isn't based on equity returns but rather on the cost of resources vs the cost of labor, which most people seem to think won't go up in the west anytime soon.

If we approach a global price for labor, and if that labor begins to come within an order of the global price of food, it's in workers' (read: voters) best interests to lower the cost of grain at home and raise it abroad, which resource exporting countries have the ability to do via trade policy.

Most of these countries have fairly strong militaries, rendering war an unlikely choice for importers. Net resource importers won't have many alternatives besides conservation; I'm dubious about how effective that will actually be given how much resource prices have gone up. Thus the resource exporters keep the same strategy of making it more difficult to export and the resource importers cannot improve their strategy.

That's the Nash equilibrium I'm picking up on. I'm not saying we'll certainly get there; I'm saying it's possible and something people should probably just be aware of.

Work hard, play hard.

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In reply to JamesHetfield
leveredarb's picture

JamesHetfield: Let me put it

leveredarb
     
 
(King Kong, 1,263
 
Points)
 on 1/2/13 at 5:55am
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ltohang's picture

so from what i could

ltohang
     
 
(Baboon, 139
 
Points)
 on 1/2/13 at 10:48am
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TNA's picture

The USA is the best place is

TNA
      O
 
 
(Human, 13,711
 
Points)
 on 1/2/13 at 10:50am

MSF Website
MACC Website
MSF Twitter

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Chai's picture

I agree that USA is always at

Chai
     
 
(Chimp, 10
 
Points)
 on 1/8/13 at 8:54pm
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You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • I am trying to complete the WSP self study program, and I started getting really into DCF and M&A modeling, however only briefly going through the 3 statement model. I am trying to get through it now because I feel that this is the bread and butter of modeling. Is that a correct assumption?...
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    Public Non-Traded REIT Balance Sheet/Cash Flow Questions
  • Not that he ever really went anywhere, it's just been a long time since we've heard anything from him. And that's because he's been busy doing what John Thain does - maximizing shareholder value like it's his job. This is a great interview with Thain from last week, and the...
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Upcoming Events

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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
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<em>Mod note: <strong><a href="http://www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> I figured I...
Open for Questions - Equities in Dallas
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
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Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
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Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
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<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
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