Michael Covel brings a different perspective to countries and cultures. He starts off reading an article by Simon Black, “Việt Nam will become one of the top expat destinations in the world.” Due to China’s growth in the last 10 years they can’t compete making cheap goods like they have in the past. That business is moving to Việt Nam. The lifestyle that you can achieve in Việt Nam for a moderate amount of money is amazing. They have high quality at an inexpensive price. They are making it easier for locals to earn more money and thrive. Things began changing in the late 1980’s when the communist government opened up and encouraged private business.
Michael moves on to talk about his recent trip to Myanmar (formerly Burma). It was colonized by the British, but in 1948 Myanmar declared their independence. Their borders were closed off for about 50 years after that. Around 2011 they opened the borders to foreigners again, and in 2015 they held their first elections. There are 50 million people currently living in Myanmar. Now, there is a buzz about the country that shows they are clearly moving forward. The ethnic diversity is immediately apparent, and the hustle for commerce is everywhere. People there are beautiful, friendly and energized. The lessons for all of us are there staring back at us.
Michael encourages everyone listening to get on a plane and go. Go travel. Capitalization in America has made starting anything nearly impossible. People and commerce in other countries have more drive and ambition to make something happen. Don’t let the system control you. The system is rigged. Michael ends with a clip from comedian George Carlin on government control.
In this episode of Trend Following Radio:
- George Carlin clip on “The American Dream”
- History of Myanmar
- Growth of Việt Nam
“The table is tilted folks. The game is rigged and nobody seems to notice, and nobody seems to care.” George Carlin
Mentions & Resources:
- “Viet Nam will become one of the top expat destinations in the world”
- Việt Nam
- George Carlin “The American Dream”
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