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prada leopard bag manufacturing heartland while manufacturing activity has slumped to a 32 month low, based on HSBC's PMI survey, as trade from the troubled euro zone slows. Markets started to get the picture on Nov. 30, pushing down stocks in Shanghai by 3.3 per cent after a central bank adviser suggested there would be no quick monetary fix.Yet seen from the penthouse, it's still gangbusters. Trade in "Veblen goods" items that get more desired as they become more expensive is strong. The snuff bottle was part of a gilded pattern. In the same auction, a series of fan paintings went for 100 times their estimated price. A little down the luxury scale, Italian fashion house Prada reported over 50 per cent growth in China sales in the third quarter, year on year.In good times, such conspicuous consumption on luxury goods looks like progress, a mark of a country getting richer. But when times are tough, it looks like callous waste of funds that could otherwise be invested productively. China's rich can't easily spirit their money away, because of capital controls. But they can opt out in other ways by pumping their wealth into snuff bottles, handbags and overvalued real estate.Chinese society is in a tricky place. True, those 100 million rural poor are almost certainly better off than they were a decade ago especially now they qualify for poverty alleviation measures. But the growing middle classes are more demanding and probably more sensitive to the extravagance of the elite. If the very rich want to avoid political and popular ire, they should plan to make some conspicuous concessions.Let me finish the job we startedThats how all the local workshy Joe Soaps make an 'existence' of a living. They refuse point blank to work so they peddle their 'workshy' drugs and engage in regular criminal activities burgling the houses, garages and garden sheds and snatching handbags off the oppressed poor and elderly. Every Council estate has to tolerate this lowlife 'scum druggies' some of whom are killing our children with illegal drugs, as well as destroying communities. Which begs the question why was criminal lowlife like this given a Council House in the first place ?. Some houses have 5O