Is there anyone else looking forward to the challenge of leaner times.

StevieJ

John_Pierpoint wrote: »

I don't think Peston has realised that there was and still is an unholy alliance between banks, the money supply and big government.

When we have got government spending back down to 25% if GDP, there might be a chance for this economy, with its workers making 5 times the going rate in China.

Is it not spending power that matters? I am sure our workers would be very well off if they were earning 5 times the going rate and actually living in China. Maybe I should retire to China when I receive my (private sector) final salary pension.

John_Pierpoint

I think Sir Dyson explained the situation quite well.
I don't think he was the least bit interested by what the Chinese employees could buy with his money, just how much they cost and how reliable they were.

Wealthy Chinese people retire here:
http://www.shanghaifocus.com/top-attractions-in-guilin
Shades of Worthing but with elderly people doing "I have a big melon and I pass it to you......" exercises in the park.

The real problem in China is that there are two distinct types of people living there. People with a permit to live in cities and "farmers" - some very wealthy ones living in gin palaces, most dirt poor. Most facilities are full to bursting with people.
Here are the homes of some of the richer Chinese people:


You could try this defaulted country, where your money might go further, but here again the towns of S.America have become fringed with extensive suburbs of shanty towns.
This can mean that you retirement villa has nice tall walls round the garden topped by an electric fence.
http://internationalliving.com/2010/04/cuenca-ecuador-ils-no-1-retirement-haven/