HOW can China be collapsing when they know manufacture a large quantity of products for the US and possibly other western nations,and are still paying slave labor wages to their slaves.
Hell,even Gwaltney Meat Packing sold out to the Chinese a decade or more ago. I bought an antique truck from a guy that was the local maintenance supervisor,and when I asked him why he even had a For Sale sign on his house,he told me that the Chinese had bought out the local meat-packing plant,and he was one of the people they hired under a 3 year contract to move to China and supervise setting the plant up again and getting it rolling. That's right,they even bought and dissembled the meat-packing plant,sent it to China,and hired the Americans who had been running and repairing it to go to China and live for fee in "company housing" while setting it up and getting it rolling again.
I have also heard that at least one series of GM automatic transmissions are also being made in China now,but this deal was between the Chinese and GM. GM sent all the tooling and the engineers there to set up the plant and get it operation,and in return they save a bundle on cheap labor.
This guy was selling everything he owned,including his home to move to China to draw uber high pay,and then return home 3+ years later to draw unemployment. Since the meat-packing plant there was THE major industry in that little town,when it shut down his children had no future living there,and had to move somewhere else after finishing school.
I am sure there are also other examples,but it just doesn't make much news.
Remember,Capitalism is based on profits,not providing jobs for local workers. True Capitalism is all about da benjamins,and nothing else.
