"You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States"

In this quote, Arthur Laffer is highlighting the significant role that China and Wal-Mart play in the economic success of the United States. He recommends that without China, Wal-Mart would not exist, and without Wal-Mart, the middle and lower classes in the US would not experience the level of prosperity that they currently do. This declaration highlights the interconnectedness of international economies and the impact that international trade has on domestic markets. It also highlights the importance of large corporations, like Wal-Mart, in supplying economical items and producing tasks for the middle and lower classes. Overall, Laffer's quote highlights the significance of global partnerships and the role of corporations in driving economic development and success.