I don't doubt India and China will increase their economic power dramatically, but to be honest, there are just too damn many people for either country to achieve even a shred of the "equality" we have in America. China has 1.3 billion people, probably 10 million are extremely well off, another 200 million are pretty decent, and 1.1 BILLION are just as poor as you can possibly be. Sooner or later there will be cultural enlightenment which will spell vast problems for that country. They are extremely ambitious, but unfortunately don't have a social structure to support it. There is still a complete generation there that has and was prohibited from education and reversing that trend is very difficult. As a broad generalization, they are extremely good at copying, but utterly helpless at innovation. There are exceptions to the rule, but as a broad stereotype at least in my experiences, it's true. India on the other hand is nearly the opposite. Incredible education system, democratic government, still a quite poor infrastructure system and again, too damn many people. The IT field there is unbelievable with people hopping from job to job to job much like the US in the late 90's doubling or tripling their salaries in a matter of a year or two.
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