"Consumerism 'doomed', investment forum told"

[dajo]

The increasing importance and role of China in the world economy is becoming more and more obvious. One of the reasons we are going to face economic difficulties is because of the rarity of certain ressources. The role of the arabian oil is being discussed frequently, but other 'less obvious' materials would be the 15 different rare but important metals that China is dominating the supply of. http://business.timesonline.co.uk/to...cle7042598.ece I think it is very likely, if not even unstoppable, that we will experience an economic shift over the next years, the article even suggests in the next two. What I made this thread for is the general discussion on world economics, problems we are going to face, possible solutions and what you feel thinking about the situation (Are you afraid, hopeful, welcoming) and what your thoughts are on a possible economic collapse and as the article proposes the end of consumerism as we know it.