Will western societies change their living habits to better suit their future GDP?
With the pendulum of economics swinging towards asia, will western societies adapt to their new GDP's or will they continue to amass huge debts to quench their enormous appetites for goods?
I believe that they will conquer the debt demon or at least transfer it to another host (asians) I can see the transfer of wealth and debt heading to asia with the major banks and insurance companies taking up strongholds around asia (Singapore, Bangkok, HongKong) Credit cards are given out like birthday invitations and the cost of consumer goods are dropping.
It is interesting to watch as well at the way asian society, which is still holds customs which reflect western society over a hundred years ago, will use its money. It is like america in the 80s fast money fast cars all the that stuff. Where will it end or will asia learn to tame this demon or pass it on to the next host more quickly?