I’m not blaming the Chinese at all. I actually think they are brilliant both in terms of moving their country up the economic ladder, and potentially cementing themselves as the world’s only superpower 30 years from now.
My blame is squarely laid at the foot of the irrational American consumer. The chinese are simply supplying what we want…It’s our demand for cheap crap that we can’t pay for because we don’t produce what others want (outside of their claims on our own financial vapor paper) that is to blame.
