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<p>[QUOTE="fatima, post: 1491747, member: 22143"]OK I understand and it's an interesting question. </p><p><br /></p><p>In my estimation it will blow up, literally. I base this on two capitalistic theories that I believe in. The first is that fundamentally new wealth (not talking currency or money) is created by only 3 things. You grow it, you dig it up, or you manufacture it. Everything else consumes wealth. People have mistakenly argued that the information age will replace production but I completely disagree with this. Information is useless unless it's used to enable and improve the above. </p><p><br /></p><p>The 2nd theory is that given the above, the I will argue that production can never be completely one sided. That is, one country produces and another consumes. Once all the wealth is transferred from the consumers to the producers, then how do the producers get paid to continue their work? They will either stop production or they will come and take assets from the consumers. </p><p><br /></p><p>So given these two concepts and letting capitalism run freely and assuming this means that China is the only producer of manufactured goods in the world, then it can't last. Other countries, at some point, can't pay anything for China's goods, it won't matter how cheap they might be, and they have to stop buying. These countries will either resume their own production, possibly of vastly inferior but suitable products to fill the same purposes or they return to a pre-industrial state. </p><p><br /></p><p>In the real world, such things lead to revolution or war, and sometimes both.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1491747, member: 22143"]OK I understand and it's an interesting question. In my estimation it will blow up, literally. I base this on two capitalistic theories that I believe in. The first is that fundamentally new wealth (not talking currency or money) is created by only 3 things. You grow it, you dig it up, or you manufacture it. Everything else consumes wealth. People have mistakenly argued that the information age will replace production but I completely disagree with this. Information is useless unless it's used to enable and improve the above. The 2nd theory is that given the above, the I will argue that production can never be completely one sided. That is, one country produces and another consumes. Once all the wealth is transferred from the consumers to the producers, then how do the producers get paid to continue their work? They will either stop production or they will come and take assets from the consumers. So given these two concepts and letting capitalism run freely and assuming this means that China is the only producer of manufactured goods in the world, then it can't last. Other countries, at some point, can't pay anything for China's goods, it won't matter how cheap they might be, and they have to stop buying. These countries will either resume their own production, possibly of vastly inferior but suitable products to fill the same purposes or they return to a pre-industrial state. In the real world, such things lead to revolution or war, and sometimes both.[/QUOTE]
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