So it may well be that when we have all transformed ourselves into the ultra efficient low wage production powerhouses we dream of becoming- we discover that there is no spending power left to absorb the products.
Though surely having everything cheap means you don't need much spending power? That is the nature of efficiency.
Of course the major flaw (one which economists ignore) is that energy and resources are finite. To access new energy (eg hydrogen, solar) or new resources (eg on the moon) requires a heck of a lot of investment.
Edited by Chuffy Chuffnell, 20 February 2012 - 12:34 AM.