<Awesome vision, daring planning, amazing confidence, ... > ... stupendous cashflow. Without the cashflow, the country bumpkins are doomed to remain enviously drooling. Made in China = the zeitgeist.
1 billion of them [plus a couple of hundred million spares] with a work ethic and getting-ahead syndrome means there's a LOT of room to move yet. Many have moved here [many from our point of view, though from China's it's just a large village which has emigrated]. The local yokels here don't realize it yet, but we are being colonized, just as the Maoris were colonized a century ago. The process is similar too. Aliens arrive bearing cashflow, gadgets and a new way of life. The local country bumpkins are impressed and want to get their mitts on some of the stuff. So they sell to, trade with, work for and sometimes try to rob the newcomers. The newcomers rapidly make headway and one day they are running the place and the aboriginal hayseeds wonder what happened.
As China ramps up their political system to a 21st century model along Singapore lines, even the USA might start to look like a has-been. But in the meantime, the USA is buying a lot of the brains from China [and India and everywhere] and sucking in money from everywhere so they are holding their own.
A couple of nights ago I had dinner with some RoamAD and Intel people in my local pa . There was a Hong Kong Chinese, Indian guy from Portland, Oregon [in the descendant of India meaning], a Kiwi Jewish guy and an Oz Indian guy - plus three premixed Kiwis from the mixings of a century ago. Intel is fixin' to convert RoamAD from Kiwi to American. Meanwhile, QUALCOMM is hiring a bunch of people from India and China too [and a lot more places as well].
The swirling mass of humanity is certainly sending some cashflow surging around the world looking for the most profitable place to land and that is attracting the smart people like iron filings to a magnet. Shanghai obviously has a very strong magnetic field. But Intel and QUALCOMM and the USA have got some too.
Meanwhile, the see-saw has swung and G = Q again.
Mqurice [with a small magnetic field] |
