According to an article in Asia-Times Online, last week, cheap goods from China are keeping the INFLATION DOWN here in the US.
The Chinese realise this and are debating on whether to continue to supply cheap cheap goods to us while paying their people peanuts.
The USA pays for Chinese imports by just PRINTING more PAPER CURRENCY
The Chinese re-invest the trade surpluses in US Treasury bills and Bonds, and cannot use the money , anyway
The Chinese Govt is re-assessing the situation to see if it is better to expand the domestic economy by domestic policy RATHER THAN SELLING CHEAP PRODUCTS OVERSEAS
Despite the hysterical rantings of some people on this thread (who have their own agenda), Most of the items sold at Wal Mart (and all other large retailers) are not made in China, but in other places all over the world.
Slavery is a term thrown around lightly but never defined by these folks. If you can find a shirt or blouse made entirely of material produced within our borders and assembled entirely here, go buy it. But you will have a hard time finding it. And who the hell would want it? Probably twice the price and produced by union members who protect their franchise at gunpoint if necessary. Who are the slavemasters in that situation?
The idea that people in other countries should starve (for their own good) because some here have their own agendas and want to prevent free trade from happening is morally bankrupt.