And in 30 years I will probably be KEEPING CLAM in another plane, I hope the food is as good as here. LOL Gosh, by then... probably even Fed. Res. will have gotten one right!
Isn't it possible that the world's resources are not sufficient to accomodate such a huge new middle class and that the price of certain commodities will reflect this impossibility? Therefore the adjustment we'll get is a lower living standard in Europe and North America in order to accomodate a higher standard elsewhere. This will not be a smooth transition.