I was just about to post something yesterday when I saw that GM was letting go of its Hummer. It would be good riddance. I hate those things – they were meant for the army, not for city roads.
But now, I see it’s moving over to China as the Hummer is the ultimate status symbol for the middle class.
How scary is this?
I know that China is about to take centre stage in the global economy and although that’s worrisome for us, I’m worried for their own sake. If this is the direction they’re taking their wealth, I don’t think they’ll be in the limelight for too long before their own collapse. They’re in a little different position that us.. over 1 billion people living our lifestyles and idolizing the Hummer? Just wait. It won’t be long.