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To: the navigator who wrote (9294)3/18/2007 11:18:50 PM
From: Nihontochicken  Respond to of 30345
 
"I agree that the US is the Great Consumer. But there are about 6 billion people out there who would like to have the refrigerator and color tv and car and every other thing that US households enjoy."

The sticking point is, these developing economies grow first not by producing products for their own consumption, but by producing higher margin products for export to America. So when the American consumer sneezes, these developing economies will get pneumonia. Someday they will have a strong economic interdependence in which the USA will be only one player among many, but right now, it is THE player. JMO.

NC



To: the navigator who wrote (9294)3/19/2007 1:03:39 AM
From: Gib Bogle  Respond to of 30345
 
That's all true, but wanting and having are two very different things.



To: the navigator who wrote (9294)3/19/2007 1:42:34 PM
From: Gus  Read Replies (2) | Respond to of 30345
 
.....your explication of how the fulfillment of their desires might unfold.

Maslow's Hierarchy of Needs



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