No offense, but this is hogwash. The "junk" you're referring to is wealth. Material wealth. Something that can be both produced and destroyed en masse.
Meaningful how?In meaningful ways we are much poorer, and the "Third" world is consequently richer.
Um... They can afford that now even easier than before.Bear in mind, in the past, wealth was so prevalent in the West that private companies could afford vast private armies in addition to all the workers, flunkies, clerks and whores they could keep track of.
That would suggest that wealth is static, which is absolutely ridiculous. Wealth can be created literally out of nothing. Lady Gaga can fart into a microphone, record it, then watch sheeple buy it and praise on facebook.What has changed is the overall quality of life of the world's population - but that's the result of industrialisation making everything cheaper, not people or Nations getting richer.
China is getting richer by manufacturing lots of low priced junk, i.e. creating lots of wealth out of raw materials.Think about it - how is China getting richer? By making the US poorer, and then extending credit to make us even poorer.
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