Jay, as I scan the world for a glimmer of hope, I think China might be the place.
1.3 billion people [give or take a swarm of NZ equivalents, a Britain or two or even a Japan] is a lot of people. They are increasingly spread evenly over the age range instead of swarms in the non-productive childhood years. They are increasingly well off. They continue to have serious legal, social and political civilizing influences. Private capital is now the zeitgeist, more or less.
While the China economy is still small compared with the USA and Europe when measured in $ or E, when measured in kilograms of stuff produced, it is enormous. Maybe stupendous. Kilograms are real. $ are abstract. Devaluations change $, they don't change kilograms which are fixed by gravity, which isn't changing any time soon [though I hasten to add my GSRS prototype is spinning well].
While democracy is supposed to be wonderful, it isn't. It has all sorts of drawbacks. A person going about their business in NZ is under the thumb of the state and I suspect as much or more so than in China where I expect they haven't yet developed many layers of rules and regulations to control even a child's lemonade stand after school. Freedom is a thing of the past in the USA, NZ, Australia and the UK [not that it ever really existed - other than by comparison with some of the more repressive regimes].
Economically, I think China is going to be the world's locomotive. Already, the swarms of Chinese arriving here are propelling the NZ economy along really fast.
I'm glad that they will all be buying CDMA phragmented photon gadgets with QUALCOMM ASICs and paying royalties, especially for exports - 7% royalty for exports and I bet they export billions of CDMA gadgets - probably in joint ventures with Japanese and Korean companies; Japan puts up the money, Korea puts up the production skills, QUALCOMM puts up the brains, China puts up the markets and people to work on the production line - my job is to spend the profits from QUALCOMM.
I am very glad to be heavily invested in China [via QUALCOMM, Korea, Japan and USA rather than on my own].
Mqurice
GSRS = Graviton Spin Reversal System |
