Did our grandparents and parents fight so many wars for that? Really? For us giving up our wealth to far away countries?

20th century Western war victims must be revolting on their tombs.



Some 40 years ago, manufacturing overall environment in the West had reached maximum profit multiples expansion at the stock market.



To continue enhancing such profit multiples (and keep stocks rising), manufacturing was moved to China, where labor costs were a fraction and environmental legislation was non existent.



The higher prices the Dow reaches, the less poverty in China. And they lived happily ever after...until manufacturing will move to India in the coming decades for the very same reasons it moved to China.



The deflation exported by China and India increases Western companies' profits (financial assets, DOW rising), but impoverishes Western middle class as a result.



As in 1988 movie, "Things change".



