Quotulatiousness

September 14, 2014

QotD: Chinese millionaires

Filed under: China, Humour, Quotations — Tags: , , , — Nicholas @ 00:01

Up to a point, as we recognized, the problem of the coolie-millionaire offers no real difficulty. The Chinese coolie lives in a palm-thatched hovel on a bowl of rice. When he has risen to a higher occupation — hawking peanuts, for example, from a barrow — he still lives on rice and still lives in a hovel. When he has risen farther — to the selling, say, of possibly stolen bicycle parts, he keeps to his hovel and his rice. The result is that he has money to invest. Of ten coolies in this situation, nine will lose their money by unwise speculation. The tenth will be clever or lucky. He will live, nevertheless, in his hovel. He will eat, as before, his rice. As a success technique this is well worthy of study.

In the American log cabin story the point is soon reached at which the future millionaire must wear a tie. He explains that he cannot otherwise inspire confidence. He must also acquire a better address, purely (he says) to gain prestige. In point of fact, the tie is to please his wife and the address to satisfy his daughter. The Chinese have their womenfolk under better control. So the prosperous coolie sticks to his hovel and his rice. This is a known fact and admits of two explanations. In the first place his home (whatever its other disadvantages) has undeniably brought him luck. In the second place, a better house would unquestionably attract the notice of the tax collector. So he wisely stays where he is. He will often keep the original hovel — at any rate as an office — for the rest of his life. He quits it so reluctantly that his decision to move marks a major crisis in his career.

When he moves it is primarily to evade the exactions of secret societies, blackmailers, and gangs. To conceal his growing wealth from the tax collector is a relatively easy matter; but to conceal it from his business associates is practically impossible. Once the word goes round that he is prospering, accurate guesses will be made as to the sum for which he can be “touched.” All this is admittedly well known, but previous investigators have jumped too readily to the conclusion that there is only one sum involved. In point of fact there are three: the sum the victim would pay if kidnapped and held to ransom; the sum he would pay to keep a defamatory article out of a Chinese newspaper; the sum he would subscribe to charity rather than lose face.

Our task was to ascertain the figure the first sum will have reached (on an average) at the moment when migration takes place from the original hovel to a well-fenced house guarded by an Alsatian hound. It is this move that has been termed “Breaking the Hound Barrier.” Social scientists believe that it will tend to occur as soon as the ransom to be exacted comes to exceed the overhead costs of the “snatch.”

C. Northcote Parkinson, “Palm Thatch To Packard Or A Formula For Success”, Parkinson’s Law (and other studies in administration), 1957.

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress