Sunday, August 19, 2007
More on Scapegoating China
In a previous post I observed that rich-country consumers (specifically those in the US and Japan) are wrong to blame China for consumer goods that are shoddy or dangerous. In this post, the author makes some other excellent points showing why it’s wrong to blame China for America’s ballooning trade deficit and American unemployment. Scapegoating China for such problems is nothing more than blaming China for giving us what we want, and on our own terms.