samyzee

i agree tht it is not a zero sum game...the world economy is larger than it was 30 years ago....and yes you will be able to trade more since there will be more consumers....but standards of living and of most economies will definitely decline...the stuff that you bought from china for really cheap wont be so cheap anymore....which means tht the average westerner will be no better than the average asian in terms of healthcare,education,food cars etc....(the average asian right now lives on less than $1 a day)...so far so good...we are all happy rite...wrong!!....the asian countries still have a huge advantage in such a scenario...population!!...when everyone has the same standard of living ...it is population which will decide who has more power!!