Whether you like it or not you have to deal with China and India. They are big. They have 2.5 billion people. At least 20% of the population is smart. I may add – the use of the word “Third World” reflects a bias.
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Definition:
Third World. Third World is one of many terms used to describe the poorer countries of the world. Other terms include Southern Countries or the South, underdeveloped countries, less developed countries(LDCs), countries in a process of development, newly developed countries.
This term also includes a group of countries in Asia called the NICs – Newly Industrialised Countries who seemed during the 1980s and the early 1990s to be developing particularly quickly.
You are right. After looking it up on different sites, it seems the term has fallen out of favor, and I apologize if it was offensive. That was definitely not my point.
Whatever we call it, I am referring to the following graphs and charts (sorry, was not able to copy it over):
Nobody is disputing the enormity of these populations, nor the intelligence, etc. It is simply very destructive to our economy to try to compete.
While those populations may be large, Americans are still the greatest consumers of the world. That comes about because of our (relatively) higher wages. We cannot continue to pay “American” prices if we are going to earn “developing world” wages. The spread between the two was enabled by our ever-growing debt expansion, and global corporations are the beneficiaries. This is the ultimate cause of our financial destruction (which we are now witnessing), IMHO.
