The real issue here is ; where do we go from here?
The past is the past, and we can learn from our past social & economic dynamics that brought us to this point of the increasing power of 3rd world countries;.... but seriously; we all like cheaper products our underpaid Asian servants provide for us, but we don't want the Asian lackey to be rewarded for his faithful efforts in providing the western world with his cheap service. Nor do we like the fact that hard work, diligence and thrift has paid off for our 'inferiors', especially our 'communist inferiors'. These virtues are only supposed to find reward in the western democracies.
We as humans & creatures of habit, resist change and don't like unknowns, as both are a threat to the comfortable status quo our brains & bodies love. But in reality everything in nature and is dynamic and changing; the only constant we can count on is 'change'.... (Why do you think so many hate "global warming or Global weirding""?.. because we will all have to adapt and change; just like our ice age forefathers.) Aren't you all a little annoyed by bitter older people constantly griping about everything in today's world, and how better & brighter everything was in the 1920's 1930's or 1940's or 50's? But yet the old people back in the 1920's griped about the same dang things...they didn't learn to adapt to an ever changing world.
So the question is: what do we do to adapt and thrive to this ever constant change as individuals and as a society?

NOTE:
India has 1.1 Billion customers
China has 1.3 Billion customers
2.4 billion people in 'Chindia' today. They all want a car, cell phone, computer & a house in the suburbs, small farm or a hip apartment;... just like the see in the movies.

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"Our Lady of Blessed Acceleration...
don't Fail Us Now"