--that's who did it, and you got it. China just plays with the hand they got dealt, and if our bigshots don't care, they feel they shouldn't care either.
Way back, Noxon and that dweeb kissinger had a mad scheme to play china off of russia. To get them to play ball they just offered...the manufacturing potential of the US. All of it apparently. The Chinese would have been idiots to turn it down, they leapfrogged multiple generations in just one in advances. They got handed trillions in R&D on a silver platter "here, take this stuff, free"! And they are still getting it! ya, they make some crap, but they have the potential to improve quality real fast now. I'm old enough to remember when Japanese imported stuff was considered crap..not any longer. The Chinese will get there.
Wall Street ran with it, and never stopped, a "corporate raid" is the expression, just on the entire US, to enrich the top level of traitors, sell off all the great assets built up over generations by the combined might of all the blue collar manufacturing people and the white collar engineers and scientists, for pennies on the yuan.
And then successive administrations kept up the same policies, because they are all bought off, since they are all tools of wall street and the bankster gangsters. A lot of money and power accumulated in fewer hands in just thirty years and change. They bankrupted the middle class, instead of wealth, they got offered inflated dollars, debt, and cheap crap imports.
I was an AuH20 worker back then, what is now termed a "paleocon", I knew noxon and kissinger and the other assorted what are now called neocons were skunks.
The amount of knockoffs out there is astounding, yet nothing of substance is ever done about it, not enough to matter, and now that they have about wiped out manufacturing, offshored tens of millions of solid jobs that ain't never coming back..oh well...I guess we are supposed to be grateful we created so many black suited billionaires out of millionaires, and we should be double grateful we have all this alleged "debt" that somehow the middle class is responsible for.
I stopped factory work after the third one got offshored, and dang I will never ever buy any wall street stock. I do my investing elsewhere, I won't support that whole crooked mess. Some of my "stock" got four legs and goes "moo", that's good enough for me.