> The point is it hasn’t happened and it doesn’t happen. Employment is high, internal consumption is growing, companies climb up the value chain etc.
All of which are beside the point. It is the type of jobs that are available and their relative value. Internal consumption needs to effect a shift in the economy towards services, which isn't happening. Off-shored high-tech manufacturing is moving away to more political acceptable countries.
>Instead predicting that it is going to end abruptly tomorrow, the intellectual powers of commentators would be better spent on explaining why it continues and why it has continued for so long.
Mainly because they created an unequal system with capital controls and ownership rules to siphon foreign capital and IP. This is supercharged by an hyper aggressive business environment and in general large appetite for risk, leading to sky-high asset prices, which is a concern for advanced economies, but much more of a concern for a developing one.
