Chinese government regulation of for-profit education companies is justified and healthy because the tutoring industry, similar to India's, creates perverse incentives where competitive parents overspend on tutoring, making large families economically unfeasible and reducing birth rates in ways that harm national demographic goals.
normativepending
Speaker
Manish PabraiEvidence Quote
“the government has its heart in the right place... it reduces people's interest in having a reasonable size families which goes against the country's goals”
Source
Virtual Value Investing Q&A Speaker Series Event at Brown University with Mohnish Pabrai— Value Investing Q&A Series Brown UniversityCreated: 8/11/2026, 1:53:00 AM
My Notes
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