Volume: A new game of wealth

Today's China, in some respects similar to that of 150 years ago, may be word by Mark Twain's words--history will not repeat itself, but always strikingly similar. In the 30 years since China's reform and opening-up, the private economy has developed rapidly, and China has produced a large number of rich people.　　According to the statistics of Hurun, there are about 960,000 millionaires in the country in 2010, 1 billion rich and 4000 people, and tens of 200 people. And the U.S. economy in the late 19th century and early 20th century is also a high-speed growth, and achieved a number of influential entrepreneurs, such as the oil industry Rockefeller, the steel industry Carnegie, automotive industry, such as Ford.　　In the "Gilded Age" of Mark Twain's eyes, a great deal of wealth quickly concentrated in private hands, creating a huge gap between rich and poor and social problems in American society. Due to the rapid accumulation of personal wealth and the resulting social contradictions, the rich, such as Carnegie and Rockefeller, have set up charitable foundations, which have promoted the rapid development of American philanthropy and the Improvement of American society in early 20th century.　　The emergence of this charitable foundation in the modern sense has led to a new stage in American philanthropy, which some call the advent of the "era of philanthropic industry" in the United States. Today, China's wealth is far more concentrated than the United States.　　According to the World Bank report, 5% of the U.S. population has 60% of the wealth, while China's 1% of households have the country's 41.4% wealth and become one of the world's most polarised countries.　　So is China's "philanthropic industrial era" imminent?　　In fact, since the introduction of the foundation Regulations in 2004, the private foundations were allowed to start, and in just six or seven years the Non-public foundations funded by the rich or the corporate have sprung up, and the number has been matched by a public offering foundation with a government background that has developed for 30 years.　　Since 2008, the topic of the rich philanthropy has also greatly escalated, on the one hand, the Wenchuan earthquake brought about the awakening of civic awareness, on the other hand, is the first generation of Chinese entrepreneurs, has been to consider the fate of the node on the wealth. With the accumulation of assets to a certain extent, China's first generation of rich people on the wisdom of money is increasingly sensible, when the increase in the number of wealth has been difficult to increase their happiness, spending money for others, but it can make people happy, their spiritual realm has also been sublimated.　　At this point, entrepreneurs are sublimated as philanthropists.　　At home, there are more and more philanthropists like Dewang (column), Yu, who have donated billions of of assets. As the "Naked Donation" rich yu: "Son stronger than me, leave money to do what, son weaker than me, leave money to do what."　　"He thinks that if the descendants have the ability, they will do better than themselves, if they do not have the ability to drink and drink all day and even yellow gambling drugs are stained, the money instead harm them."　　And this issue cover personage Fu Yao Group Chairman Dewang also said, from Fu Yao stock dividend income, oneself also can not spend, also need not put into "reproduction", besides donate, nothing can. We recognize the right to free disposal of legitimate wealth,No matter whether it is for posterity or for the individual to carry out high consumption, as long as it is based on legality and according to the true will of his own heart, there is nothing to say.　　From the perspective of social function, it is likely to create new social and economic benefits for posterity, even with high consumption of personal wealth, it will bring a series of market effects. But obviously we appreciate the wealth-disposal practices that are donated to charities. We are happy to see entrepreneurs have put some of their wealth into charity, a good river to promote sustainable social progress. This is undoubtedly a greater sentiment than their business ideals, and will bring new rules of the game to future entrepreneurs.