Hi Maurice,
I think you have several things wrong:
1) I don't think it would be in China's interest for NK to go nuclear. The Chinese are not that stupid. Just think what would happen if NK goes nuclear. Japan and South Korea would go nuclear in no time at all. Just think what that would do for Chinese security.
The Chinese are not that stupid. It is to their interest if the nuclear club remains small.
2) Chinese manufacturing is doing what is inevitable. People will find more efficint ways to make socks, shoes, clothing, and the thousands of other things that require very little education or skill. That is inevitable. If not the Chineses, than the Indians, Indonesians, Arabs, or Africans.
The middle class in the Western World have lost these jobs forever. They are losing a little income now. But, just as Germany and Japan was flattened after the war, they had a population that was educated. They went on to build BMWs, PlayStations, and stayed one step ahead of uneducated masses.
Don't worry about the middle class. They will somehow find a way. Even if it is to repackage coffee as Starbucks or remake the hamburger like McDonalds.
Getting socks, shoes, and clothing cheap is not a bad thing. Just get used to it and even enjoy it. |
