Go East, Young Man

Far from being a ponzi scheme, China is the real thing, says financier Steven Rattner. In fact, if he were starting his career today, Rattner says he would seek his fortune in China.
  • Transcript

TRANSCRIPT

Question: What would you do if you were starting your career now?

Steven Rattner:  If I were starting my career again, I would go to China.  There was a famous newspaper man who, I think Horace Greeley, who once said, “Go West young man,” meaning go to the frontier because that where, in America, the great opportunity was.  And that’s how I feel about China.  I’ve only been there twice, I think, but I’ve certainly spent time trying to learn about it, meeting with people and it’s a very controversial subject because there are many people who think China is a big Ponzi Scheme or is on an unsustainable course, or this or that.  I think China is the real thing.  And I think it – I think it is the great future growth story of the world, for the foreseeable future of the countries anyway.  And if I was just starting out I my career, whether I be a journalist or a banker or a businessman, or even a government, I would be focused on China.


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