...
You can always tell what country is at the top or on the rise by tourism. It's an unofficial barometer I have noticed. 10 years ago, no matter where I saw tourists, Hollywood, Times Square, London, Tokyo, Manila, Chinese were the number one group. They had the biggest crowds and would be in by busloads.
These days? I see far, far more Indians. 5 years ago the 16 hour flight from Dubai to Los Angeles was on a huge plane with an upstairs. I'm guessing the plane could fit, 3 to 400 passengers. There were maybe 100 at most. So you had plenty of room, you could take a whole row, pull up the arm rest and sleep. It was stupid to try and upgrade to business class when there was plenty of room. Now? Its 90 percent filled and 70 percent of the plane are Indians. This years New Years eve in Saigon, Vietnam, not known at all for Indians. They were there in respectable numbers.
India, my unofficial guess, will be the next big economic power.
Anyway, China is sitting on the biggest housing bubble in human history. It's housing bubble dwarfs anything the US has. It has other demographic related issues as well. We already know the US will probably implode economically under its own weight of debt and other issues. (side question is how it will affect reparations).
Anyway, interesting view by this guy.
Says Geopolitical Analyst Peter Zaihan
You can always tell what country is at the top or on the rise by tourism. It's an unofficial barometer I have noticed. 10 years ago, no matter where I saw tourists, Hollywood, Times Square, London, Tokyo, Manila, Chinese were the number one group. They had the biggest crowds and would be in by busloads.
These days? I see far, far more Indians. 5 years ago the 16 hour flight from Dubai to Los Angeles was on a huge plane with an upstairs. I'm guessing the plane could fit, 3 to 400 passengers. There were maybe 100 at most. So you had plenty of room, you could take a whole row, pull up the arm rest and sleep. It was stupid to try and upgrade to business class when there was plenty of room. Now? Its 90 percent filled and 70 percent of the plane are Indians. This years New Years eve in Saigon, Vietnam, not known at all for Indians. They were there in respectable numbers.
India, my unofficial guess, will be the next big economic power.
Anyway, China is sitting on the biggest housing bubble in human history. It's housing bubble dwarfs anything the US has. It has other demographic related issues as well. We already know the US will probably implode economically under its own weight of debt and other issues. (side question is how it will affect reparations).
Anyway, interesting view by this guy.