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akinkhoo (Offline)
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09-26-2009, 08:03 PM

Quote:
Originally Posted by trunker View Post
lets not forget why china is such a supposed powerhouse right now,.... cheap labour and thats it. again, to believe its anything else is delusional.
but does it need to be any else to be the undisputed powerhouse?

if China achieve a 1:1 parity per capita, this world will die. there is not enough resources, China rise would eventual cause everyone else to suffer the effect of inflation, because let face it, WE ARE OVER-CONSUMING. if we don't adjust ourselves, the market will do it for us as the needs of a billion chinese pull oil and metal prices up.

that is really what China's rise will mean, that our economy must reform into one that is sustainable. there is no illusion that China know that too, which is why it is now leading in the construction of new wind and solar farm.

so if you think the impact is only in labour and not consumption, you are in for a rude awakening in the coming decade.
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