America’s economic engine is compromised. Forces at work over the last 30 years have sapped our nation’s vitality. How did it happen?

I eventually learned how those China factories were able to sell at such low prices: after all was said and done, they were simply selling at a significant loss. Apparently the Chinese government was pumping money and credit through its banking system into their manufacturing base, without regard to profitability. No matter what it actually cost to produce, prices were arbitrarily set as low as necessary to get U.S. business.

Earlier this year, newspaper reports suggested that Chinese banks would withdraw their support and allow as many as 50,000 manufacturers of no-tech/low-tech goods to go out of business. That, at last, answered my question.

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