How's that working out for the 23% of Americans that are now unemployed?
We can use cheap foreign labor as long as we are at full employment. But when we let foreigners decimate our industries, when we open our markets to competition from countries with closed markets, When we allow unrestricted trade with countries that have large excess labor even as our own unemployment skyrockets, we are destroying our own country. And yes China is closed because their taxes equate to 90% of their GNP. Government collects the profits so there is very little return trade.