Quote from the1:
Ya see, that's the thing. In the US someone from the slums can become a millionaire. Granted, the odds are heavily stacked against that, compared to someone living in suburbia but it can happen. In a communist society the government basically controls everything so there's no incentive to invent the next generation iPhone because you're not going to go from the slums to the middle class, or from the middle class into the upper class. You're basically stuck in the class you're born into, with some exceptions of course. If China remains a Communist country they will not become the next economic superpower unless the US crumbles from within, which is definitely possible. However, it's my feeling the crisis' that have been occurring will be dealt with and history will look back at it as a speed bump during the Technological Revolution that dwarfs the Industrial Revolution. America will rock on but not without societal changes -- no reference to Obama. The US is going to look a lot like England but with the same opportunity to become the next Steve Jobs or Bill Gates.
"the US is going to look a lot like England" that doesn't sound good. in fact it sounds ominous.
??