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Thread: Shanghai starts one-year countdown to the largest expo ever

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[quote=MARRIE,367011]Bobert, the graph given just explains one phase of the issue.  Hongkong’s GDP per capital (a key indicator of wealth) is comparable to Switzerland but it’s Gini rank is as poor as USA, which means in highly competitive wealthy nations or regions, the wealth distribution is more unbalanced , let’s say  10% vs, 90%…

Capital intensive production benefits small nations with tiny populations.  But globalization led by US holding pure capitalism is a whole process of wealth re-allocation. That means a product valued at $20 with labor cost 5$/unit producted in small rich nation can be definitely shifted to India and China where the labor cost can be lowered to $0.5 or even less.  Bobert, what I am trying to say is global wealth re-allocation is creating big crisis in current rich small nations whose development largely depends reasonable systems that has been proved to work and its leaders (currently is US, former is Britain or Germany ) . The size of cake does not change but more diligent and smarter people are joining to share, let’s say India and China whose lag is mainly caused by large populations resulting from unwise policy or religion.

Bobert, it’s becoming more tense but keep smiling with the hope to step into the 1/10th group. Lol..

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