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In China and a few more of the world's "booming economies", the growth is very select... and the expectations on someting more than that are rediculous.
For those countries to reach "western standard" (including employment rate), they'll have to fish up more money than is possible from OUR economies.
Americans can already see the effect at home of money moving over there...
Imagine multiplying everything (not just their influx of capital, but also our economical deterioration) with 10, or even 100, for those countries to rise above their general countrywide poverty status...(!)
Just how do you think the US, and Canada, and European countries, and "the rest of the west" would be like?
Things just aren't holding up, we in the west have been living on like 80% of the world's total possible wealth, whilst being FAR less of the world's total population.
We become significantly poorer (as nations and average population at least) while they become only marginally richer.
Want a good life for yourself in 20 years from now?
* Move to a developing country and sell products/services worldwide to those who can afford it.
* Do all you can on your own to maintain a good health.
* Do all you can on your own to keep burglars away, and to avoid becoming a victim of general crime.
I'm not shitting you, and I'm not paranoid... this is realism.
Better be on top of your game, and not trust in government or law to be there for you in the future.
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