« on: March 08, 2014, 11:39:39 AM »
It will take a few more years, but to me it seems inevitable that Asia will become the only dominant economic superpower and future advancements in technology and products will be based on the wants and needs of those markets and not on the US or Europe.
However, worldwide cultural homogenization means that the distinctive wants and needs of markets will become less and less relevant. Asian consumers may someday dominate the world economy, but if they share the same taste in clothes, movies, songs, food, etc., as their western counterparts, it's not really going to matter all that much.
True, but trends have to start somewhere. Today the western world is still dominant but with the shift of economic power that may change as well. Our wants, needs and taste are mostly created by companies these days.
Agreed. Except that I think a lot of our wants, needs and tastes are also being created from the ground up by cultural "hackers" on You Tube, Facebook, etc.
Historically, the United States is a cultural hodge-podge of people who came here, blended with one another and hacked their old world cultures to create something new. I guess my point is that the whole world seems headed in that direction today, for better or worse.