Wait, you mean good managers make a difference? Mon dieux!

Wonderful post from DiligenceChina on the deadly combination of mediocre quality, lack of energy, and rising expense ($50k/year) of Chinese middle managers. He believes that the answer is to bet on the younger people with less/little experience but more drive and creativity. My view is that this issue is the reason that China will not - hold your breath - take over the world tomorrow. Ain't enough good managers (among other things).