flu, I’m in awe of China the same way I remain in awe of the American Robber Barons and how they built their companies and America.
Allan is right. China has a demographic problem and they will need to deal with it in the next couple decades.
In China, ethnic minorities and the less educated are having more kids… That will result in a wealth gap and social unrest until China takes affirmative action to deal with it.
[quote=flu] onsumers no longer want quality. They want the cheapest possible thing. And hence why we’re in this predicament… welcome to the new economy.[/quote]
I actually think that the change is for the better.
Products are not scarce and expensive like they use to be. Even luxury items are commoditized. The difference is in the branding and the marketing.
Everybody now can have a closet full of clothes. That wasn’t the case 60 years ago. Everyone now has home appliances and air-conditioning.
That reminds of the thread on living on $7,000 per year. It’s possible to do it and still live well if you forgo all the “lifestyle” product and services.
[quote=briansd1]
Allan is right. China has a demographic problem and they will need to deal with it in the next couple decades.
In China, ethnic minorities and the less educated are having more kids… That will result in a wealth gap and social unrest until China takes affirmative action to deal with it.[/quote]
i remember as a kid things having more value. just having some thing. i had a bunch of them, but they were more valued by me than things my kids have. things are less scarce now.
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