Reply #8: In about 50 years China and maybe India will be able to consume [View All]

[fasttense]

as much as the US did back in 2007. But right now, neither country can amass enough of a middle class to buy the crap they ship here. If these countries have a burgeoning middle class to buy up what they make, why aren't they doing it right now? Why are they still sending their junk to Wal-Mart in the US?

It's a fallacy that China will anytime soon be able to equal, let alone out pace, our US consumer market. Their average income is in the thousands not tens of thousands as it is in the US.

No, the corporations have managed to destroy the biggest consumer market in the history of the world. It's all just going to get worse and worse in America. We will slowly decline until we look like a third world country.