Just a few months ago China was the unstoppable economic juggernaut that would dominate the business world.
Now China is in a state of collapse. I recently read about the poor quality of Chinese steel used in building its infrastructure.
China is trying to force by government decree the decisions we make as a free society. There are cultural factors that must be in place to support a democratic society and we have learned that economic and civil freedoms are inseparable.
The quality of the products we buy is not forced upon us by government decree but by market competition. Yes regulations are a factor, even an important factor, and even our litgious legal environment restricts blatant and ruthless contempt for consumers.
But the consumer is protected mostly by the unlimited choices for better and better products. When government restricts these choices, the consumers suffer.
Remember this during the forthcoming debates on nationalized health care.