Peek into the future of Nationalized Healthcare (ObamaCare)

I think that VK is referring to the fact that China has elevated more peasants into their middle class than one could possibly count. Of course, due to their unique circumstances, they still have several hundred million peasant farmers out there as a supply to fill the manufacturing jobs that they're needing for the new factories.

We saw Japan do this in the 1960s and 70s. We saw Korea do it in the 1980s. We're even seeing Vietnam do it now.

At least the people HERE are old enough to remember the complaints agains "cheap, shoddy imported Japanese goods". Until Toyota ate GM's lunch in the 1970s. I remember hearing the Japanese complain about the Koreans IN THE SAME LANGUAGE in the 1980s as South Korea became the new "Asian Tiger".

Eventually, there will be fewer peasants to elevate to the middle class in China and someone else will take that role (do I hear any "African Tiger" candidates?)