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Do those slides all add up? Incomes are rising ... except the world probably can't support a billion chinese at 1st world income levels. There are many billiona
by luxhibernia 13y ago
Do those slides all add up? Incomes are rising ... except the world probably can't support a billion chinese at 1st world income levels. There are many billionaires ... because their gini curve is shot to hell. They have a higher percentage of graduates ... but most of their degrees are of a low standard. Looking at the company valuations on top of that and I start to get worried that this is a giant bubble that's going to take the rest of the world down with it when it bursts. I hope you can prove me wrong China!
- jfoster 13y agoWhat is it about the world that you think can't support that? It's new territory, and it may "disrupt" the US (to some extent) over the coming decades, but China has been bootstrapping itself out of farming for quite a while already. It's mainly the internet industry that lagged the US by a few years, but has caught up or surpassed it now.
- joshuapants 13y agoThe world already can't support the existing first world lifestyles we have in the long term. We are doing a tiny bit to move toward sustainability, but if you tack on a few hundred million more people living that way, you run out of essential resources fast.