if you present americans with the cost of something priced in real dollars, unaffected by global effects - the cost of a college education, the cost of paying for private sector healthcare or health insurance - what happens? they run screaming to the government for subsidies. why? because most of them can't afford to pay for those things.
being able to ONLY afford imported chinese products is not a sign of wealth. my wealth is not measured by how many many $9 toasters I can buy.
Lets assume I have an annual income of $300,000 and little debt. Why should I spend $50 on a "high end" toaster when I can spend $9 on a regular, no frills toaster and get the same toast out of it?
My buying the $9 toaster is not a reflection of my economic situation, but a reflection of my mental ability. I am smart enough to not waste the extra $40.
being able to ONLY afford imported chinese products is not a sign of wealth. my wealth is not measured by how many many $9 toasters I can buy.
Funny how the free trade, "what me worry" types ignore the fact that from the household to the government debt levels have skyrocketed. People and nations who live on plastic are one misfortune away from disaster.
I go into Wal Mart and see a lot of people who can only afford cheap items and made in China items. It is not a sign of wealth that so many can only afford cheap Chinese imports. Go into a Harbor Freight Tools store sometime for some real fun. I would not be surprised if the PLA or some other ChiCom entity owns them