TwoWolves, you are right. You're government, and mine allowed too much industry to be exported offshore and too many local manufacturing jobs to be lost. Of course it will come back to bite us. First off, most of our manufacturing infrastructre is in a state of disrepair or is simply gone, so that when we again need to make our own, we can't, well not without great expense... and who's going to foot the bill? Secondly, the Chinese manufacturing and economic bubbles will burst. Why? Because China is still wracked with poverty issues, corruption issues, and an economy that's fragmented and not the most stable among leading world economies. And when those bubbles burst the US and other foolish countries who more or less handed the Chinese their industries on a platter will face shortages of many consumer goods and various essentials, thus causing an economic meltdown as stores fail to keep up with demand and have to lay off staff.
Paint a pretty dark picture, don't I? Yeah, well I've seen it coming for years, as I watched Australian industries base their manufacturing operations offshore to exploit cheap labour and make millions from it. I've watched factories fall into disrepair and/or get torn down, so when we really need them again to make our own goods, they just won't be there... and our f**king businessmen won't spend up to get it going again. Oh no, they'll expect government to prop up their sorry asses after bailing out on Australia for greater profit.
Yeah, our entire retail industry will go down the toilet as it'll have little or nothing to sell... and we're only a small country compared to the US [population-wise], so the problems there will be tenfold or more when China goes guts up... and/or simply refuses to trade anymore. And then there's all the US loans and sureties the Chines hold. Yup, the situation is the creation of past and present business and government leaders, yours and ours, yet those bastards will be the first to invoke the patriotic call and get the ordinary bloke to get 'em out of the shit.... either as cannon fodder or as slave labour.
Sooner or later this is going to escalate into something.
Yup, bet your sweet bippy on it.