[ExI] Savings and wealth

spike spike66 at att.net
Sat May 30 14:49:48 UTC 2009


> ...On Behalf Of Stathis Papaioannou
>...The Chinese are savers and 
> invest a lot of those savings in manufacturing, but they are 
> in trouble when their largest markets stop buying. That is 
> why the Chinese Government is trying to stimulate domestic 
> consumption... Stathis Papaioannou

Ja!  This is what gives me a great deal of hope for the west.  China and
India have a couple billion people between them who live well below western
standards.  Given television, specifically ours, Dallas reruns and such,
they will soon become wildly materialistic, throw out any remaining commies
from their government, and do all the stuff we did for the past thirty
years.  Then instead of utter ruin, the west can crank up our factories
again, to sell them a bunch of stuff, make a ton of money, throw out any
remaining commies in our government.  We have gotten a snooty attitude that
there is something wrong with factory work, an attitude that factories are
something the Chinese do.  We may wake up and decide that factory work is a
terrific job, far superior to the alternatives.  Bringing India and China up
to western standards will have a lot of consequences, such as making Keith's
power sat notions suddenly look very attractive.  If that gets done, I
wouldn't be surprised if China does it.


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