this post was submitted on 24 Jan 2024
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chapotraphouse
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Have we considered what this feedback loop will do in China? All of those consumer goods are produced there.
I have no idea, since they can be more or less hands-on with their economy as they need. Maybe their industry would need an even more developed third world to make up for the lost consumption in the west, but now I'm just guessing
Edit: enter BRI
In the very long run, it probably ends with the west becoming "colonized" by more productive economies. Being the imperial core takes the heaviest toll on you, and Lenin noticed that over 100 years ago