General Discussion
In reply to the discussion: My Wife Believes American Workers Being Positioned To Accept Lower Living Standard. [View all]rhett o rick
(55,981 posts)classes. But just because China and India have large populations doesnt mean they will be capable of sustaining the current movement in capitalism. We are in the end-game of this round of capitalism, as I see it unless we discover untapped cheap resources that can be exploited to keep the pyramid alive.
When the living standard levels, it may go up slightly for but it must go down for the west. NAFTA is a great example of how standard of living leveling works. The lower standards will stay the same and the higher will go lower. Those millions in China and India can not purchase products if they arent making decent wages. And the corporations wont pay decent wages. We are in a capitalism death spiral. It's a pyramid game and it's coming to the end. The only way to prevent the implosion is to redistribute wealth downward. That will reset the death spiral and buy some time.