Comment Re:China is losing (Score 1) 52
So the solution is... more money? If $5000 a year for a median Chinese person gets as much as $63000 a year in America, who is really ahead? By your logic quantitative easing has made America massively wealthy through inflation. High income and high prices don't necessarily mean someone is rich. And the opposite doesn't mean they are "poor."
If we all must be renters to motivate us to work, that is a pretty bleak future for America.