Quote:
Don't forget the fact that more people in China and India are gaining more purchasing power.
Something we forget to consider when we wish to bring the entire world out of poverty is that as that happens the new purchasing power of those people bids up the price of everything. Not that I would want to keep people in poverty, it's just something to keep in mind when trying to find out who to "blame" for rising prices.
Don't forget the fact that more people in China and India are gaining more purchasing power.
Something we forget to consider when we wish to bring the entire world out of poverty is that as that happens the new purchasing power of those people bids up the price of everything. Not that I would want to keep people in poverty, it's just something to keep in mind when trying to find out who to "blame" for rising prices.