China, Goldman Sachs, Philosophy, Puzhong Yao, Stanford, The Elect, The Elite, Trinity College Cambridge
Puzhong Yao was born in China, but has studied and worked at some of the most elite institutions in the West, and he still finds the mindset of the Western elite strange.
[L]ike the Evangelical Christians, my life was changed by a book. Specifically, Robert Rubinâ€™s autobiography In an Uncertain World (Random House, 2003). Robert Rubin was Goldman Sachsâ€™s senior partner and subsequently secretary of the Treasury. Only later did I learn that certain people in the United States revere him as something of a god.
I first bought the book because I was puzzled by the title, especially coming from a man who had achieved so much. I had always thought that things happen for reasons. My parents taught me that good people get rewarded while evil gets punished. My teachers at school taught me that if you work hard, you will succeed, and if you never try, you will surely fail. When I picked up the book, I was studying math at Cambridge University and, as I looked back at the standardized tests and intense study that had defined my life until then, I could see no uncertainty.
But since reading Rubinâ€™s book, I have come to see the world differently. Robert Rubin never intended to become the senior partner of Goldman Sachs: a few years into his career, he even handed in his resignation. Just as in Rubinâ€™s career, I find that maybe randomness is not merely the noise but the dominant factor. And those reasons we assign to historical events are often just ex post rationalizations. As rising generations are taught the rationalizations, they conclude that things always happen for a reason. Meanwhile, I keep wondering: is there someone, sitting in a comfortable chair somewhere, flipping a coin from time to time, deciding what happens in the world? …
I donâ€™t claim to be a modern-day Alexis de Tocqueville, nor do I have much in common with this famous observer of American life. He grew up in Paris, a city renowned for its culture and architecture. I grew up in Shijiazhuang, a city renowned for being the headquarters of the company that produced toxic infant formula. He was a child of aristocrats; I am the child of modest workers.
Nevertheless, I hope my candid observations can provide some insights into the elite institutions of the West. Certain beliefs are as ubiquitous among the people I went to school with as smog was in Shijiazhuang. The doctrines that shape the worldviews and cultural assumptions at elite Western institutions like Cambridge, Stanford, and Goldman Sachs have become almost religious. Nevertheless, I hope that the perspective of a candid Chinese atheist can be of some instruction to them. …
It was the summer of 2000. I was 15, and I had just finished my high school entrance exam in China. I had made considerable improvements from where I started in first grade, when I had the second- worst grades in the class and had to sit at a desk perpendicular to the blackboard so that the teacher could keep a close eye on me. I had managed to become an average student in an average school. My parents by then had reached the conclusion that I was not going anywhere promising in China and were ready to send me abroad for high school. Contrary to all expectations, however, I got the best mark in my class and my school. The exam scores were so good that I ranked within the top ten among more than 100,000 students in the whole city. My teacher and I both assumed the score was wrong when we first heard it.
As a consequence, I got into the best class in the best school in my city, and thus began the most painful year of my life. My newfound confidence was quickly crushed when I saw how talented my new classmates were. In the first class, our math teacher announced that she would start from chapter four of the textbook, as she assumed, correctly, that most of us were familiar with the first three chapters and would find it boring to go through them again. Most of the class had been participating in various competitions in middle school and had become familiar with a large part of the high school syllabus already. Furthermore, they had also grown to know each other from those years of competitions together. And here I was, someone who didnâ€™t know anything or anyone, surrounded by people who knew more to begin with, who were much smarter, and who worked just as hard as I did. What chance did I have?
During that year, I tried very hard to catch up: I gave up everything else and even moved somewhere close to the school to save time on the commute, but to no avail. Over time, going to school and competing while knowing I was sure to lose became torture. Yet I had to do it every day. At the end-of-year exam, I scored second from the bottom of the classâ€”the same place where I began in first grade. But this time it was much harder to accept, after the glory I had enjoyed just one year earlier and the huge amount of effort I had put into studying this year. Finally, I threw in the towel, and asked my parents to send me abroad. Anywhere else on this earth would surely be better.
So I came to the UK in 2001, when I was 16 years old. Much to my surprise, I found the UKâ€™s exam-focused educational system very similar to the one in China. What is more, in both countries, going to the â€œright schoolsâ€ and getting the â€œright jobâ€ are seen as very important by a large group of eager parents. As a result, scoring well on exams and doing well in school interviewsâ€”or even the play session for the nursery or pre-prep schoolâ€”become the most important things in the world. Even at the university level, the undergraduate degree from the University of Cambridge depends on nothing else but an exam at the end of the last year.
On the other hand, although the UKâ€™s university system is considered superior to Chinaâ€™s, with a population that is only one-twentieth the size of my native country, competition, while tough, is less intimidating. For example, about one in ten applicants gets into Oxbridge in the UK, and Stanford and Harvard accept about one in twenty-five applicants. But in Hebei province in China, where I am from, only one in fifteen hundred applicants gets into Peking or Qinghua University.
Still, I found it hard to believe how much easier everything became. I scored first nationwide in the GCSE (high school) math exam, and my photo was printed in a national newspaper. I was admitted into Trinity College, University of Cambridge, once the home of Sir Isaac Newton, Francis Bacon, and Prince Charles. …
Warren Buffett has said that the moment one was born in the United States or another Western country, that person has essentially won a lottery. If someone is born a U.S. citizen, he or she enjoys a huge advantage in almost every aspect of life, including expected wealth, education, health care, environment, safety, etc., when compared to someone born in developing countries. For someone foreign to â€œpurchaseâ€ these privileges, the price tag at the moment is $1 million dollars (the rough value of the EB-5 investment visa). Even at this price level, the demand from certain countries routinely exceeds the annual allocated quota, resulting in long waiting times. In that sense, American citizens were born millionaires!
Yet one wonders how long such luck will last. This brings me back to the title of Rubinâ€™s book, his â€œuncertain world.â€ In such a world, the vast majority things are outside our control, determined by God or luck. After we have given our best and once the final card is drawn, we should neither become too excited by what we have achieved nor too depressed by what we failed to achieve. We should simply acknowledge the result and move on. Maybe this is the key to a happy life.
On the other hand, it seems odd that this should be the principal lesson of a Western education. In Communist China, I was taught that hard work would bring success. In the land of the American dream, I learned that success comes through good luck, the right slogans, and monitoring your ownâ€”and othersâ€™â€”emotions.