Quote Originally Posted by spiff
There has been a technology and expertise transfer which has 'empowered' China, India and others irreversibly on our own terms
Actually not really, they still have monkey skills which basically translates into copying what we do with half the quality control, they just can't cut it.

Quote Originally Posted by spiff
Poverty and starvation have not caused a "collapse" in India nor China before,
Poverty doesn't create collapse, wealth does. Those countries have witnessed an explosion of local wealth, an expansion of the middle class, their collapse is what is important as it has more weight on the economy and the multiplier effect than the starving poors.