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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 49thMIMOMander who wrote (40497)	9/29/2008 5:33:39 AM
From: elmatador	Respond to of 218065

New entrants in the world economy work and get paid. Compare with the older system: pretend to work and pretend to be paid. Once the people working get the hunch of how the system works they will bid up their hours worked UNLESS a reserve army -the doesn't yet know how the system works- is ready to come forward. Number of heads arms and legs dwindles over time as population growth rate collapses. The production of heads arms and legs is now relegated to countries outside the world economy: Moslems and Africans plus pockets in China, LATAM and India. The intelligence of the system is concentrated and not dispersed among the new entrants, that gives chnage but the ones in the know to extract rent from them. What we see today reflects the percolation of that intelligence into the masses of that reserve army that entered world economy in the past 15 years. You correclty point that business models (WAL-MART amdn many others) were created taking advantage of the cheapening of production that went global. As the cheapening of airplanes -coupled with cheap oil- gave rise to cheaper flights. One who understands this inerplay can crate new business models as these set of circumstances changes as we move forward.