At least according to George Friedman, author of The Next 100 Years: A Forecast for the 21st Century. One out of seven exports from China go to Walmart, he says, and even Warren Buffett doesn’t believe Walmart has a future. “All of the prosperity of China is built on the willingness of the U.S. and Europe to buy its products,” he says, and that time is coming to an end. When that time comes, he doesn’t think the current version of China will be able to survive “a billion [angry] peasants.”
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