Asia soars as its middle class rises

[OhioChick]

October 1, 2011

The boom to our north will create a new world of mass consumers and Australia must find a way to know them.

They live in provinces most of us can't name and speak languages few of us understand. And yet Asia's mushrooming middle class holds the key to Australia's future. Their appetite for everything from apartments to white goods is stoking demand for Australia's raw materials and re-shaping our economy, and society in the process.

The Prime Minister, Julia Gillard, was optimistic about Asian consumers this week when she announced the preparation of a white paper to guide Australia in what's now officially called the Asian Century.

"The new Asian middle class will give Australia an opportunity to make our whole economy strong," she said.

More: http://www.smh.com.au/world/asia-soars-as-its-middle-class-rises-20110930-1l1ig.html

[Warpy]

1. And the PTB in the US isn't learning a damned thing from that

since their attack against the US public, especially the middle class, continues to accelerate.

[saras]

3. Excuse me? "Isn't learning?" Their plan worked. It's doing what they intended.

What exactly are they supposed to "learn" that they don't already know?

[The_Casual_Observer]

2. The answer to what happened to the US middle class

It got outsourced to Asia.