The ordinary resident of the bay Area, California, and San Francisco is increasingly pressured by rising prices. In Alameda, the price of a Senior movie ticket has gone up a bit, as is the rent and utilities. I blame this on the rising income of so many Chinese, who come over and buy houses in The City for cash. How are they going to have a decent infrastructure with the facilities to maintain restaurants, parks, transportation and education if the middle class is forced out?
The increasing income of those people in the oil kingdoms make them want to enjoy travel and see the wonders of the world. One of the wonders is San Francisco, and with global warming it is going to be the top choice of those who can afford a couple of million dollars to buy a house on the cool west coast.
The luxury airplanes being built for the sheikdoms will haul those millionaires and billionaires around the world to enjoy the best of everything, rom food to wines, to luxury hotels. That is all very well and good, but trying to spread the wealth in this fashion has never worked.
The real economic advances come from the large numbers of people who have some discretionary income, can afford to live in their own house, and support the educational system with taxes.
It may be that the future city scape will be similar to our gated communities, with the rich being able to live in a destination city like Paris, San Francisco, and London, while the proletariat will be housed in ghettos served by mass transit solely for the work force to visit the cities. That way everyone can maintain the rich in the style to wich they have been accustomed.
Remember when Khrushchev bellowed out from the U.N. podium that he was going to “bury us”? That history never quite happened because the Communist philosophy did not take into account the human nature that would not tolerate so much regimentation.
The Red Chinese took the West’s economic strategy and modified it to suit the needs of a totalitarian government, and now threatens to “bury” the rest of the world with cheap plastic consumer products. After the government sponsored Chines corporations get through with making a profit out of the middle class consumer of America, they turn right around and scarf up the best parts of our country.
Is this in revenge for our intervention during the Boxer rebellion? Is it for the support we gave the opposition in World War II?
It is a different day now, and all must struggle to find the “good life” but the winners increasingly look like Asians