Tuesday, July 10, 2012

World Competition on the Consumer Side

There is a belief that television and the internet have created a new awareness across the globe. 6 billion people will want the life they see that 1 billion people already have.

This will cause unrest and dissatisfaction but will also cause financial pressure. It is estimated that in the next ten years 1 billion people will have the ability to enter the consumer market with the financial resources to compete with the established 1 billion. That's a lot of new paddles in the life-style auction. Theoretically there should be tremendous upward pressure on prices. And the absurd notion of declaring by governmental fiat more expensive products as desirable for communities, like energy, will become more absurd.

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