sad fact for USA but this is true.
i recently visited china industrial city and saw a lot factory there. their economy is really increased for last several years.
they acquired cheap materials, have a lot cheap workers and produce a lot stuff / product.
and sell it abroad with cheap prices! (because their gov weaken their national currency!)
many 3rd world countries in Asia and Africa will love it, as they not too concerned about the quality, it's all about price
Good quality product from europe / japan / US (with more expensive price compare to chinese one) will unable to compete.
that's how china become giant industrial country
Well, if we would have been able to mass produce things at a cheap price using cheaper materials, we would have been the same. But we can't do that because we already owe China trillions.
I would rather be known for manufacturing quality stuff like Germany, than be the #1 wealthiest nation when the nation is a shithole producer of shit tier products of the lowest quality imaginable.