Regarding exporting wealth – I am sure we can revert that anytime. All we need are enough people in Europe who are willing to sew t-shirts for the rest of their life (and their grandchildren too for that matter) and people who are willing to pay for ordinary non-branded t-shirts 50 Euros. And not go to Zara, Mango or any other shop and get one from China for 5.50. The social system can save a lot of money if those people agree also that to sew t-shirts, you really do not have to go to highschool. You can start working there when you are 16!

And by the way, the joblessness rate in China because of the drop in exports to the USA is so high now that regional governments do not know how to feed the laid off people anymore.

Regarding India, it is really hard to find normal employees who would work at an office to manage a marketing campaign today, since everyone wants to work at a telephone-support company that services the USA and Europe. The salaries paid there make them one of the richest people in the middle class of the whole country.

As long as any person in the world says “My kid should have it better than me”, we have a problem.