I fully expect the Indian and Chinese population coming into wealth will go through a period of fairly outrageous conspicuous consumption. I have a hope that it will be fast-forwarded compared to the past 70 years of American history. Hopefully after a decade-long warmup and another decade of settling in, the novelty will wear off and there will be a move away from focusing on "More Stuff!" and toward focusing on "Less Clutter, More Experiences!"
> Hopefully after a decade-long warmup and another decade of settling in, the novelty will wear off and there will be a move away from focusing on "More Stuff!" and toward focusing on "Less Clutter, More Experiences!"
The western world hasn't even moved past that stage, so I highly doubt developing countries will move through it quickly.
Good thing that high-speed rail and other land transport infrastructure is being built in order to connect the entirety of Eurasia and eventually Africa, with sufficient throughput to feed multiple US economies.