Quote from ShoeshineBoy:
Again, how can you argue against an increase in lifestyle for hundreds of millions of people?
Even the most biased media will not use the number of 100s of millions. You have a complete disillusion. And you can only point to China & India as examples, which are not even good examples, considering that most of China & India are still dirt poor masses who simply made a transition from substinence farming to being sweatshop slaves. The breakdown is actually 80% are dirt cheap slaves, 15% middle class, 5% top echelon, and that is being generous on the middle class, because the number I have seen quoted is 10%.
I already can tell that you have no idea what is going on in China and how the sweatshops operate. I can even tell that you have little clue about your own country. Here is what I know from experience of what Indian employees for Office Tiger have to do. Work 12 hour shifts, from 8a-8p for a month and then switch to 8p-8a. Then switch again. Do you have the slighest idea what that does to your health?
But wait, you say, they become middle class. Except that the cost of living rises right in line, credit card sharks are already looking for prey and it only takes one economic downturn on Wall Street for lay-offs to take turn.
In the meanwhile, you completely ignore what goes in in this country and completely ignore Latin third world nations, such as Guatemala, Nicaragua & El Salvador which experienced little wealth effect. You are just cheering for your friends & family, who see some dollars thrown at them. Meanwhile in this country, people are losing their jobs, deteriorating into poverty, while the consumer is scratching his head as to why the quality of service is going down the drain.