That contract was built on the premise that parents would do almost anything to care for their children — in recent times, depleting their life savings to pay for a good education — and then would end their lives in their children's care. No Social Security system was needed. Nursing homes were rare.How Capitalism Creates The Welfare State
But as South Korea's hard-charging younger generations joined an exodus from farms to cities in recent decades, or simply found themselves working harder in the hypercompetitive environment that helped drive the nation's economic miracle, their parents were often left behind. Many elderly people now live out their final years poor, in rural areas with the melancholy feel of ghost towns.
[T]he forces that free market capitalism unleashes are precisely the forces that undermine traditional forms of community and family that once served as a traditional safety net... in South Korea, the shift has been so sudden and so incomplete that you see just how powerfully anti-family capitalism can be...Dying Alone Becomes New Normal as Japan Spurns Confucius - "Itoko Uchida, 82, was counting on the nephew she raised to support her in old age. He refused, forcing her to pay for a sponsor to join the 420,000-long queue of Japanese waiting for a nursing home bed."
The result is a generation of the elderly committing suicide at historic rates: from 1,161 in 2000 to 4,378 in 2010. The Korean government requires the elderly to ask their families for resources if they can pay for retirement funding – forcing parents to beg children to pay for their living alone – a fate they never anticipated and that violates their sense of dignity. Hence the suicides...
We see the consequences far beyond the suicides of elderly Koreans. And in my bleaker moments, I wonder whether humankind will come to see this great capitalist leap forward as a huge error in human history – the moment we undid ourselves and our very environment, reaching untold material wealth as well as building societies in which loneliness, dislocation, displacement and radical insecurity cannot but increase."
South Korea's new president, Park Geun-hye, took the oath of office [2013/02/25] and used her inauguration speech to address one of the challenges to her rule: the perception that government and the nation's businesses are stifling many South Koreans' chances for wealth and success...South Korea's new president
Ms. Park concentrated on the systemic problems facing South Korea's economy... They included inadequate welfare for South Korea's elderly, enormous expenses for child rearing and education that have sent the nation's birthrate plunging and an entrenched belief that people can be successful with degrees from a narrow list of colleges.
"There is no place for an individual's dreams, talents or hopes in a society where everything is determined by one's academic background and list of credentials," Ms. Park said. "We will transform our society from one that stresses academic credentials to one that is merit-based."
Ms. Park also addressed perceptions that government regulations show favoritism to the large conglomerates that dominate the economy and said she would end "the misguided habits of the past which have frustrated small business owners."
South Koreans today are more concerned with the distribution of wealth than they are with headline GDP figures. The popular perception is of a successful country that is stricken with economic inequality, excessive power in the hands of the chaebol conglomerates, and a lack of decent jobs for young graduates. Ms Park won power having promised to relieve these ills, while expanding the welfare state...also btw...
She brought the main conservative party to the political centre, with her talk of "economic democratisation". She achieved this while retaining her core support—the older voters who remember her father with fondness... This remains a country where gender equality is a distant dream. South Korea has the highest median male-female pay gap in the OECD.
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So yeah, it's a horrible situation.
posted by bardic at 1:20 AM on March 4 [4 favorites]