Sure it works! As long as the "haves" can control the "have-nots". Just like in the good ol' days!
We have a friend who travels to China several times a year for business. Go behind the facades of skyscrapers and the houses for the "have" and see how the economy is hardly trickling down.
I need not tell you how the human trait of jealousy will not let things stand as they are forever. If it will be suppressed, it will be brutal. If it foments country-wide, wages will shoot up and China will wobble.
Remember when the world thought Japan controlled the ups and downs of the global economy 2 decades ago? Yes, international economy is more global now but the lopsided advantages of countries like China and India will not be tollerated forever.
Let's come back to this thread in 2 decades time and see what's changed.
