Re: Life under the bridge for techie California outcast

Straydog wrote:
> Another solid criticism of your posts is that you still ignore the rest of the world. I have
> no idea why you think only in the US the standard of living must fall. Japan and Europe
> are also high standard of living areas and I can assure you that they will not like the idea
> of a decrease. In China, their standard of living is going up. In the lase 1-2 years, from
> statistics I've read, they are now consuming 8% of the worlds oil while we are
> consuming 20%. The Chinese have certainly come up in the world and very rapidly.

Bingo, east Asia (not including India) is the economic story of our
times. These are the rapidly growing economies (including to a less
extent, recession bound Japan) which have a combination of capital
intensive manufacturing along with R&D. Right now, Japan, South Korea,
and Taiwan have high standards of living but soon, the others will
follow. And once these nations are established, then we'll see a
growing services sector to compliment those manufacturing sectors.

As for std of living, the US's will fall due to the dollar imbalances
and the lack of capital intensive stateside industries.

> When India gets its economy better developed, do you think lots of people will not buy
> cars? I know of no society in past history which _voluntarily_ took cuts in standard of
> living.

Unless India can build tons of fab plants, biotech centers, and cleanup
its corruption, it's just experiencing a services related bubble
economy due to US corps sending support and IT jobs over there. When
educated Indians don't even know of the extent of the Persian empire's
influence on their own culture than it really tells me that that place
doesn't know who it is or what it is. At least the eastern Asian
countries have their cultural foundations in place and are now working
on their economic ones to move forward.

.

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