My implication is that people who buy cheap junk that is made in China instead of quality merchandise made in America are the ones who brought on this financial melt-down.
This was entirely inflicted upon America by Americans.
Not exactly.
As an 'American' I had always thought (assumed?) that the RETAILER-WHOLESALER was actually checking the stuff they sold to see if it was any good.
Or rather, 'assumed' that since the product was made where labor was SO much cheaper, the QUALITY would be the same as the more EXPENSIVE item.
I guess we were wrong.
We have forgotten the old "You get what you pay for" axiom.
I guess we were wrong. We were wrong on so many levels. WalMart and ilk had stuff manufactured in China in order to increase the profit margin, not to give lower prices at the register.
Still, this was done by Americans to Americans. All of those CEOs made conscious decisions to screw the American people.