I agree, the world stood on its head with the removal of credit controls and import allowances. But globalisation is a good thing everyone was told. It will enrich everybody. So far it has not. The people making stuff in the third world are no richer than when they were farming paddy fields, they have more money but also more debt.
Consumerism does need to slow and a hiatus in supply probably helps that along.
Yes it has, you just don't see it as in the UK we are already in the top. China 40-50 years ago was vastly different as to what it is now, same goes for a multitude of others, the bigger picture is we are moving forward but slowly.