It may or may not be the case that they are incapable of longterm thinking.
But I have definitely seem it penalized. Look at politics. The politicians who get 4 year terms will make policies that allow then to succeed and harvest the best welsth/good will in those 4 years cycles. So it is rare and difficult to push through 20 year plans when the politicians can't be assured victory. And there is a trickle down effect.
I suspect similar situations occur in corporations (the CEOs, board members, even managers).
There there are the boomers. The 'I got mine, so I don't care about yours' attitude does not lead to long term investments.
So we can't blame foreigners for lack of future planning.
It's actually western peoples' greed that led here.
It may or may not be the case that they are incapable of longterm thinking.
But I have definitely seem it penalized. Look at politics. The politicians who get 4 year terms will make policies that allow then to succeed and harvest the best welsth/good will in those 4 years cycles. So it is rare and difficult to push through 20 year plans when the politicians can't be assured victory. And there is a trickle down effect.
I suspect similar situations occur in corporations (the CEOs, board members, even managers).
There there are the boomers. The 'I got mine, so I don't care about yours' attitude does not lead to long term investments.
So we can't blame foreigners for lack of future planning.
It's actually western peoples' greed that led here.