CNBC's Erin Burnett Tells You Why China Is "Our Greatest Friend"

CNBC’s Erin Burnett thinks you should be grateful to China for keeping your prices low—at any cost:

“..or China is to start making, say, toys that don’t have lead in them or food that isn’t poisonous, their costs of production are going to go up and that means prices at Walmart here in the United States are going to go up too. So I would say China is our greatest friend right now. They’re keeping prices low. “

And just for balance, here’s a creepy clip of Chris Matthews harassing her.

Between the two of them, this level of discourse is why we don’t watch much TV.

Creepy sexual harassment in the workplace … and YOU ARE THERE! [Angry Letter-Writing Liberal]

Comments

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  1. dugn says:

    Yeah…and China knows what would happen if their biggest consumer lost confidence in their products and started purchasing elsewhere.

    These ‘news snippet’ programs never cease to amaze me with the level of short sightedness many of these people seem to exhibit.

  2. Fl3shy says:

    Creepy clip indeed. Besides that though, I think it’s obvious that something has to give sooner or later. You simply cannot have cheap goods, awesome quality, and mass production all in the same bin.

  3. mrjimbo19 says:

    I really thought you were kidding when you made the quote… yeah that was a tad scary.

  4. or China is to start making, say, toys that don’t have lead in them or food that isn’t poisonous, their costs of production are going to go up…

    FOOD = POISON = GOOD?!?!?!

    Lady, feel free to eat all the poison food you want. The rest of us wanna live.

  5. hustler says:

    didn’t china loan the US trillions for our national debt?

  6. GiselleBeardchen says:

    Wow—just wow.

  7. hubris says:

    Yes, China has loaned us a ton of money and they also make sure to keep huge reserves of money as well(quite the reversal from the old opium/silver days of last century). Much as we may both hate to admit it, the US and China exist in a symbiotic relationship. Sure, we get cheap goods from them, but they also get a TON of their revenue from us. If we stop buying, they’re gonna be a ton of trouble. And if another country can start ramping up production without the poisonous components, the US can always start buying from there. China will have a hard time selling their products to anywhere else in the world on such a massive level.

    And dear god, that anchor woman is just retarded. Does she listen to the words that come out, or is she just on auto spew?

  8. rikkus256 says:

    ROFL.. This is just freaking BS…
    So she thinks we Americans should eat poison chinese (no capital C because I don’t respect them) food and have our kids play toys with lead just because they are, um, cheap? Why doesn’t Erin Burnett demonstrate eating/using those chinese poison food/products on TV, to show us how China is our “greatest friend”!

  9. The Walking Eye says:

    While there is a point to be made regarding China = cheap goods, it’s a little much to swallow what she says. That second clip is just out there.

    BTW, not to do w/ anything, but the thing at the top that tells me I’m logged in has an avatar of Krusty the Klown. Is Consumerist trying to tell me something?

  10. VnlaThndr775 says:

    Anybody have an address for this lady? I want to send her some Chinese toothpaste…

  11. rikkus256 says:

    @Fl3shy: “You simply cannot have cheap goods, awesome quality, and mass production all in the same bin.”

    Yes we can(and we had in the past). Products made in Taiwan, Mexico, Malaya, etc. are much better quality products at reasonable low price. Its just that every damn companies move their factories to china now.

  12. hubris says:

    @rikkus256: And that’s what’s going to bite us in the ass; putting all our eggs in one basket. With most of our cheap goods coming from China, quality issues like these creep up and we’re up shit’s creek.

    And with China’s one child per family causing a huge disparity between males and females coupled with a huge increase in education levels causing a dearth of lower tier workers, things are gonna get pretty hairy.

  13. verbalk says:

    China is holding $1.3 trillion in US dollars. They could flood the market with dollars causing the value to rapidly drop. The reason they don’t do this is because if they did the US could no longer purchase the goods they manufacture. I think this is what she was talking about. She just failed to do so in an intelligent manner.

  14. chihuahuamama says:

    It’s a known fact that China is not crazy about American’s, despite all the business we throw their way. I don’t trust putting anything in my (or my pets)mouth made in China. I miss the days when you could buy an appliance without a transformer attached to it. And if you have ever purchased furniture made in China that has to be put together, you can be sure the screws won’t line up and go in easy. I miss “Made in America” when quality counted.

  15. nctrnlboy says:

    I dont care! GIMMIE my cheap products I NEED (not neccessarily want)so I can better survive in this miserable over-taxed world! I just saw today on the news where cities are thinking about charging tolls if you want to drive in them. Not ALL of us can take the bus! Nickel & dimed!

  16. humphrmi says:

    @rikkus256: I think the problem goes deeper than that. Companies move their factories to [whatever company is cheaper now], and every three to five years it’s a different country. The local companies that supply those multinationals are then rich in huge new flows of cash and think immaturely that they can squeeze even more profit and increase the cash cow. Then problems like these occur and … well however it plays out now, Chinese suppliers *will* become more mature in their thinking and will think about the negative impact that their poor product safety and quality decisions will have on them. Then, about the time everyone is happy that that gets worked out, Mattel and the dog food manufacturers and whoever else will move on to the next cheap market, and the whole process will start all over again. We experienced this at some level already in the past with Taiwan, Mexico, Malaysia, etc. and we don’t seem to be learning from our mistakes.

  17. bluegus32 says:

    I nominate that quote to be the dumbest thing heard in the last year.

    Anybody second the nomination?

  18. chihuahuamama says:

    What better way to start undermining American’s, start with our innocent, children and pets. If that works, widen the poisoning. Have you ever tried the immitation crab meat made in China?

  19. jerseyjokeboy says:

    She right. After all, who would want to pay $15 for a safe toy rather than $5 for a toy full of lead paint? Parents on a budget would be ruined if they had to go out there and buy toys made safely. So I think more lead paint and poor design could bring the price even lower, which will save my mortgage! Erin, your logic sucks, but you’re ok looking, so I’ll overlook it and buy those faulty toys. For you!

  20. jerseyjokeboy says:

    @bluegus32:
    Here Here!

  21. timmus says:

    For crying out loud, this is CNBC aka MSNBC. This is like expecting the Beef Board to produce a fair and balanced story on E. coli in the food supply.

  22. manevitch says:

    Oh, please tell me this is an SNL parody. Please.

    I volunteer all my poisonous food to her. She can have as much as she wants. I’ll stick with the nonpoisonous variety, thank you very much.

  23. charmaniac says:

    I am sorry, but I couldn’t tell if she was being sarcastic or if she really thought that poisonous toys are good for America.

  24. zolielo says:

    China’s valuation problems are not a good thing, not at all.

  25. superbmtsub says:

    China is Red-State America’s greatest friend. The rest of love lower prices but love ethics a little bit more.

  26. SybilDisobedience says:

    Hey, Erin Burnett, feel free to eat all the lead you want. I won’t miss you. Personally, I wouldn’t mind if prices at Wal-Mart went up. Maybe then people’d stop shopping there, they’d close their doors, and we’d have our free market back. I miss the Mom and Pop shops more than I’d miss dirt-cheap, shoddy, possibly poisonous goods sold out of an enormous, loud, dirty, overcrowded, understaffed megastore that’s raping its community and lower-level employees. But maybe that’s just me.

  27. ironchef says:

    Erin Burnett isn’t shy about injecting her conservative spin even at the cost of consumer safety or health.

  28. ironchef says:

    If silicone breast implants were made of lead, she’d be screaming bloody murder.

  29. bohemian says:

    My daughter was watching the morning news just in time to see that the barbie she has been buggging me to buy her for the last month was part of the recall. To totally drive it home the toy in question was plastered across the TV screen. She was in total shock at this being totally personal now in her little world.

  30. BrianH says:

    Anyone else read this article from a couple weeks back?

    [www.spiegel.de],1518,461828,00.html

    One of the main reasons it’s so cheap to manufacture in China is because they’re sacrificing the environment (theirs & ours) to get market share.

    Lead based paint? Maybe they won’t notice. Under spec’ed electronic components that catch fire because they’re not up to the task? Aw shucks, must be a bad batch of chips.

    Wake up America.

  31. BrianH says:

    @BrianH:

    Somehow that URL got mangled (since when are commas in URLs bad?), let’s try again with TinyURL:

    [tinyurl.com]

  32. WV.Hillbilly says:

    A little poison never killed anybody.

    Oh no, wait. It did.

  33. mac-phisto says:

    at some point, i think corporations need to really think about whether they are saving money by doing business with foreign manufacturers. matell is easily looking at losing an entire year’s profit over this latest debacle – maybe more. sure, they can amortize it – even reserve against future loss & reap the benefits of having large cash assets, but at what expense? one of the world’s largest toy manufacturers is going into 4q with empty shelves. even if they manage to ramp up production over the next few months, they’re going to be hard pressed to have even 1/2 of their normal inventory in toy stores. & what of their reputation for the future? american consumers have short memories, but things like “lead poisoning” seem to resonate with parents of young kids.

    times like these & the “collapse of capitalism” foreseen by karl marx seem to make sense.

  34. miborovsky says:

    The only reason why bad products come from China is Americans are not willing to pay for quality merchandise. If Americans all stopped buying at Wal-mart and demanded safe products, none of this would have happened. You would have safe products, from China, albeit at twice the price.

    Wake up America.

  35. kingdom2000 says:

    I want to give her the benefit of the doubt, thinking she meant to say something more intelligent…but then I remember she is on air talent. She is there for her looks, not her brains. Seems to me she should consider a job at Fox News, probably fit right in there. They don’t like brains either.

  36. miborovsky says:

    She’s actually right about the currency re-evaluation. Don’t just pick out the bad parts, look at the whole picture.

    Appreciated CNY = Low purchasing power of USD = less stuff can be bought by Americans = LOWER STANDARD OF LIVING

  37. ptkdude says:

    Erin is actually right: China is our greatest friend right now. Think about it, as more and more people die of lead poisoning, anitfreeze poisoning, getting into head-on (apply directly to the forehead) collisions in their well-built Chery automobiles, the fewer consumers there are in America. Fewer consumers = less demand for goods and services = lower prices. Everyone wins! It’s simple economics, people.

  38. acambras says:

    Just think — all that money people saved buying cheap toys can go toward chelation therapy for lead poisoning…

  39. Meg Marco says:

    @WV.Hillbilly: This made me laugh while drinking poison and it shot out my nose, saving my life.

  40. superlayne says:

    Sorry, I’m too busy sucking on an imported Elmo keychain to pay attention.

  41. Onouris says:

    @jerseyjokeboy:

    So you think everything would be fine and dandy if it were three times the price?

    Bring that on and grab some popcorn.

  42. NickRB says:

    Fortunately no children got sick from these toys. I have a problem with what this lady is saying, but not for the reason most of you do. Removing lead from the paint they are using on these toys will not cost the Chinese companies a significant amount of money. Don’t expect the price of Chinese goods to go up. Do expect the quality of Chinese goods to go up though as the government will work hard to protect their ability to export goods to the world.

  43. Adam291 says:

    Guys, she’s right. Most Americans don’t give a crap about the environment or lead paint or human rights in China. People would rather buy their 50-for-a-dollar pack of tube socks at Walmart than see any ethics come out of China. All those cheap stores like Walmart are based on slave/cheap/child labor, harming the environment and putting out absolute crap products. If China installed any ethical business practices, our prices would go up and everyone would just complain.

    The reason why outsourcing is so cheap is because ethics are expensive.

  44. nctrnlboy says:

    @Adam291:

    Some of us DO care, but when some of us are just trying our best just to survive buying the necessities of life (yes… tubesocks would qualify as a necessity…. I am not talking about ipods & crap most people buy that they dont need). Its hard to care when you are you are just doing your best to survive. True… we arnt living in ramshackle shacks like some 3rdworlders are. Go ahead & bash people who buy all kinds of useless cheap crap they REALLY do NOT need, but dont lump us all in the same bunch.

  45. 3drage says:

    I don’t usually talk bad about people but that chick is an idiot.

  46. Aldoman says:

    Come on, Americans LOVE low prices. But the only way to have those prices is having low environmental standards, wages of shame and almost slavery work conditions. Want to stop this from happening, ask the companies to move to mexico instead, they’ll buy american products and is MUCH easier to pressure the mexican government to raise its standards (which are much higher than chinese ones anyway) than dealing with the chinese.

    Of course that would bring the prices up like 5% so I see that not coming soon…

  47. krakbuste says:

    Ok people – you should know that media people are some of the lowest on the intelligence totem pole.

    As far as China goes, props to OMERHI.(read above)

    for the rest of you: GO TAKE AN ECON CLASS.
    or read a book.

  48. Trai_Dep says:

    Dumping currency as an offensive measure is a cannard. Especially when talking about benchmark currencies (EU or $US). You can’t dump reserves THAT quickly. And if you have large enough capital reserves to be a threat, you have enough reserves to be in the same boat as the US (or Europe) if the FX rate shifted dramatically.

    The West would get the sniffles. China would catch pneumonia.

    Oh, then after the dust settles, we’d be fine, China’s sole comparative advantage – low cost – would be largely eliminated. It would sting, but destroy China. Hee hee hee – and Wal-Mart.

    There should be a rule that any time anyone says something this stupid – poison – OK!, or some woman’s reproductive system living in another state – MINE to control! – a Federal law should kick in enforcing that person, and that person’s children having to live by those stupid rules.

  49. Uriel says:

    Erin Burnett: “This just in! I’m fired!”

  50. Uriel says:

    From their awesome amount of pirated goods, even to go as far as medications, I’d have to wager that China is China’s Greatest Friend Erin. Stop giving female news people everywhere a bad name, and grow a brain, perhaps it’ll save you from appearing like a chattering doofus.

  51. Havok154 says:

    Wouldn’t China be our best friend if they raised prices, forcing walmart to charge more and possibly go out of business? Oh, how the mind dreams sometimes.

  52. shades_of_blue says:

    So what she’s saying is that it’s ok if a couple kids or animals die, long as Wal-mart can maintain their current price point. That makes sense… if I was mentally retarded.

    While she’s sipping Fiji bottled water and shopping at ‘up-class’ stores, which sell organic pet food or other non contaminated products the rest of us should ‘take our chances’. This chick needs to run for office, something tells me she’d fit right in.

  53. OnceWasCool says:

    China had to of paid Erin Burnett big bucks. She is a total sell out. No child in this day and age should have lead in it’s system. No excuse for what China has done.

    Why is CNBC still on the air?

  54. Duskit says:

    Errr, does anyone have a longer version of the quoted clip? Before and after would be nice. Because while on it’s face that is one damning quote, with some added context it could be a great deal more poignant.

    Like, say that the quote ended “So I would say China is our greatest friend right now. They’re keeping prices low. And today’s America wants low prices. Ask your average discount shopper if they’re willing to pay 15% more for a product, even if that product is less likely to be poisonous/less efficient/whatever, and don’t be surprised to find out what they’re response is. For some people, the difference that cost difference is the difference between buying that product or going elsewhere for a cheaper deal.”

    I mean that kind of quote would be a debate point. But the quote in that video clip is given without the accompanying question and cuts off right after the contraverisal quote. I’m not saying this Erin Burnett (who I never heard of before today) is incapable of making such a negatively copious claim, but I’m surprised that almost all the commenters here have jumped on her without asking for more context.

  55. doctor_cos wants you to remain calm says:

    “If…China was to make toys without lead in them, or food that wasn’t poisonous, their costs are going to go up.”
    Excuse me? Wouldn’t this translate to “cost is more important than non-hazardous products”???
    This one has to be SPOT-ON the DUMBEST shit I’ve ever heard from these talking heads. Did Rupert Murdoch buy CNBC/MSNBC to become faux news 2 and 3?

    “If China was to devaluate our currency…”
    Are we making up words? One thing I’m pretty sure of, if China does ‘devaluate’ our currency and our economy collapses, theirs will follow rather quickly.

  56. ZekeSulastin says:

    @doctor_cos: I’m fairly certain Rupert Murdoch would be more likely to run a story advocating war against China rather than being friends with them …

  57. catnapped says:

    @oncewascool: Let’s not kid ourselves here…the MSM are all in the pockets of big business and there’s NO WAY they’re going to risk offending their advertisers. Which is why right after you see a story about the latest toy recall, there’s a commercial for Wal-Mart. Anyone who really thinks the media is going to speak up and tell people “don’t buy (so-and-so)” needs their head examined.

  58. Musician78 says:

    I am thinking (and hoping) that what she said had simply come out wrong. It does happen, and unfortunately, sometimes it happens at the least appropriate times. Like on TV.

    Regardless, When you look at the entire amount of Chinese products imported into this country, all these weird things going on are quite minor. It just so happens that the proverbial shit is all hitting the fan at once as opposed to occuring over a longer duration of time.

    And obviously product from China is cheaper; why else would we purchase so many goods from them? Almost everything we buy gets imported in from some country or another, very much of which comes from China. I can’t think of anything that’s made 100 percent in the United States. We want to pay low prices for everything. In order to do this, you need cheap labor. Cheap labor does not come from the United States. And in order for business’ to stay in business, they have to have competitive pricing. Thus, more outsourcing. It is a nasty cycle.

    I don’t really understand why people are surprised by this. I hear all the same stereotypes about workers in China as everyone else. And much like most people, I don’t know if they are true or not, so I will assume that they are. Which is why I am not surprised by the fact that a few things have gone awry.

  59. shiznannigan says:

    Maybe next we’ll see “Bag of Broken Glass” on the toy shelves at WalMart.
    Is it dangerous? Well, yeah…
    BUT IT’S CHEAP!!

    Christ, when did putting your family’s health at risk become a good tradeoff for saving a buck?

  60. MalichiDemonos says:

    Dave Chappelle — “WWHHAATT!”

  61. Jaysyn was banned for: http://consumerist.com/5032912/the-subprime-meltdown-will-be-nothing-compared-to-the-prime-meltdown#c7042646 says:

    I’d love to see John Stewart interview her.

  62. Appreciated CNY = Low purchasing power of USD = less stuff can be bought by Americans = LOWER STANDARD OF LIVING

    @miborovsky: Keyword is LIVING

  63. MENDOZA!!!!! says:

    Don’t worry people, this will all be forgotten in time for the Christmas rush

  64. Lebo (in exile) says:

    The second clip just proves that even Chris Matthews just hits mute and watches the pretty lady on the teevee.

  65. Chairman-Meow says:

    Once again, life imitates the Simpsons.

    Crusty-Os! Now with 30% less metal fragments!

  66. quantum-shaman says:

    nuke china.
    debt paid, problem solved.

  67. Sidecutter says:

    @Fl3shy:

    Definitely. Something people don’t seem to realize, unfortunately.

    A) Dirt cheap
    B) Mass Produced and easy to get
    C) High Quality/Reliability

    Pick two. ONLY two.

  68. Youthier says:

    @manevitch: I’m sad that Dan Aykroyd and Candice Bergen haven’t been asked to comment on any of this toy controversy yet.

  69. Jean Naimard says:

    That girl needs some more lead in her brain, preferably through high-speed mechanical injection.

  70. Adam291 says:

    All you guys saying how evil she is, do me a favor. Go down to Walmart and ask people if they’d be willing to pay double, triple or quadruple the prices for the same things if they were made in the USA or in a country with ethical business practices. Maybe you’d find some people who are. Maybe some people say they didn’t know of the horrid circumstances products in China are made (though, ignorance is no excuse). But most people just don’t care. They want their cheap crap at any cost.

    And yes, I do acknowledge some people need cheap stuff because of limited means. The real problem is that people who don’t need to shop at Walmart do; how many times have you seen some movie star say in an interview they love to shop at Walmart? That’s ridiculous. But even if you need Walmart, it doesn’t change the fact that the products are made with child/cheap/slave labor, cause harm to the environment and could be dangerous products.

  71. Buran says:

    @miborovsky: There is just no excuse to kill people. Even in the name of profit. Thanks for playing.

  72. Buran says:

    @Musician78: No one is going to be able to afford ANYTHING if no one has a job. Gee, there must be something made in the US that Americans are making, then, right? since there are still people in the stores buying stuff.

  73. ARPRINCE says:

    Yup…she’s hot!

  74. Trai_Dep says:

    The ironic thing is that she’s using the exact same arguments that the Freeper types here use to defend Wal-Mart. Bet they’re so pissed that she got airtime and they didn’t.

  75. silverundertone says:

    why not just give her the opportunity to experience the “wonders” of the chinese poison train firsthand? tie one of those lead-laced bibs around her neck, give her a couple big bags of salmonella contaminated veggie bootie to munch on..and why not throw in a few of the recalled mattel toys for her to play with when shes done gorging on her contaminated delicacy?
    She would then be either forced to come to terms with the fact that she is an idiot, or will be pushing up daisies, and we can all rest assured that at least one person like her has been removed from the gene pool.

  76. Nemesis_Enforcer says:

    @ARPRINCE: Thats what I have been saying for years. Who cares if its cheap if no one has a job!

  77. Nemesis_Enforcer says:

    @Nemesis_Enforcer: OOPS I mean to reply to Buran.

  78. Elviswasntmyhero says:

    According to her reasoning, If “China is to start making, say, toys that don’t have lead in them or food that isn’t poisonous, their costs of production are going to go up and that means prices at Walmart here in the United States are going to go up too.”

    In other words, what the Chinese are doing, with the unhindered assistance of a servile and corrupt American government, is the equivalent of a home invasion robbery.

    For which we are supposed to be grateful.

    I see.

    Whatever happened to hot girls who kept their mouths close for fear that the helium would escape?

  79. andrewsmash says:

    Oh F Wal-mart. They have done more damage to the American economy than any other company in recent memory. Ooooh….such low prices that other companies go out of business (including the ones supplying them). This pathetic obsession with getting the lowest price regardless of quality is going to bite us in the ass in ten years when the groundwater is irreversibly contaminated by all of the disposable consumer goods people have buying at “the lowest price”. We are finally seeing the corporate greed factor rotting away the roots of the mortgage market, and I hope to see it entering the realm of big box stores as soon as possible.

  80. Trai_Dep says:

    Anyone that hasn’t seen Wal-Mart: the High Cost of Low Price, I strongly recommend you rent it. Even if you’re on the fence. (IMDB it for more, and the producers have a web page). It’s very informative. And quite sad. But excellent.

  81. doctor_cos wants you to remain calm says:

    “I think people should be careful what they wish for..”
    I think talking heads should have better notes, and perhaps think a little more quickly and speak a little slower. If she wasn’t trying to squeeze out so many words, perhaps the brain would have had a chance to catch up with the mouth.

    “There is no excuse to kill people.” Damn. Buran wins AGAIN.

  82. miborovsky says:

    @Buran: If anyone is killing people, it’s the stupid American consumers who are committing suicide by WANTING crap products at dirt-low prices.

    The Chinese? Like any good capitalist, they are merely supplying what is demanded. Namely crap that can kill people.

    How many times must it be repeated that you get what you pay for?!

  83. dualityshift says:

    Her point, though valid, lacks any amount of tact. Americans and low, low pricing go hand in hand, but with a slipping dollar, those low low prices won’t stay low forever.

    The fact that China is the world’s worst polluter is scary. Other than direct embargoes, there isn’t too much the rest of the world can do to stop it. Remember, China is still very much a communist country, and in the past have been considered an enemy of the free world. Also consider how have the embaroes on Cuba helped to end the Communist tyrany there?

    Unless China wants to manufacture quality products, they will continue to flood the market with hazardous materials. Since their government is ultimately responsible for import/export of goods, couldn’t the UN order independant ‘evaluators’ for their quality control and health and safety issues. China is a member of the U.N. afterall.

    I wonder if Mattel could in turn sue the Chinese government and have the U.N. enforce the ruling?

  84. @miborovsky: You mean poor people actually buy things that don’t cost a lot of money? Well golly, that’s just crazy!

    Yeah, people want things cheap but no one is asking to be poisoned. I assure you there is no demand for lead paint or anti-freeze toothpaste.

  85. mac-phisto says:

    @dualityshift: please tell me you’re not serious.

    “Also consider how have the embargoes (sic) on Cuba helped to end the Communist tyranny (sic) there?”

    you are aware that cuba is still a communist state, right? & that despite 50 years of an economic embargo by the united states, they trade with virtually every other country in the world.

  86. mac-phisto says:

    & leave it to my spell corrector to completely invalidate the need for the (sic) notations. doh!

  87. FreonTrip says:

    There’s an old quote that fits most situations, and is no less appropriate here:

    Fast, cheap, good. Choose two.

  88. DragonAwake says:

    Yes, the lady made a mistake by saying that “lead paint” thing, but she has a point. People here in US enjoying the low prices tend to forget quality and ethics come with price. Once the manufacturers in China become more mature and more regulated, prices of their products more or less go up, then the consumers here will complain about the inflation because no other developing countries are able to replace China in such a massive scale (think about the fast developing infrastructure and the huge labor force in China).

    Oh, people also forget that US personal savings rate has been down to around negative territory, guess who is footing the bill? China now is a leading creditor to US. Don’t be a hypocrite when the majority of American people still enjoy the low mortgage rate and the low inflation rate. Take an example of the gas price. People constantly complain about it, yet most people here still perfer large size vehicles. Just look at how popular the large SUV/trucks are. I hate hypocrites. If you complain about the gas price or the dependence on foreign oil, stop driving the gas guzzlers; otherwise, stop whining and bite the bullet.

    BTW, capital always pursues low cost and high profit. That’s how capitalism works. America is a capitalist society and the people here are mostly proud of it and in turn hate its opposite (socialism or communism). Unfortunately, globalism is the global maximization of capitalism in the modern world. That’s the price you have to pay for sticking with capitalism. You just can’t play it both ways.

  89. DragonAwake says:

    OK, the lady made a mistake by saying that “lead paint” thing, but she has a point. People here in US enjoying the low prices tend to forget quality and ethics come with price. Once the manufacturers in China become more mature and more regulated, prices of their products more or less go up, then the consumers here will complain about the inflation because no other developing countries are able to replace China in such a massive scale (think about the fast developing infrastructure and the huge labor force in China).

    Oh, people also forget that US personal savings rate has been down to around negative territory, guess who is footing the bill? China now is a leading creditor to US. Don’t be a hypocrite when the majority of American people still enjoy the low mortgage rate and the low inflation rate. Take an example of the gas price. People constantly complain about it, yet most people here still perfer large size vehicles. Just look at how popular the large SUV/trucks are. I hate hypocrites. If you complain about the gas price or the dependence on foreign oil, stop driving the gas guzzlers; otherwise, stop whining and bite the bullet.

    BTW, capital always pursues low cost and high profit. That’s how capitalism works. America is a capitalist society and the people here are mostly proud of it and in turn hate its opposite (socialism or communism). Unfortunately, globalism is the global maximization of capitalism in the modern world. That’s the price you have to pay for sticking with capitalism. You just can’t play it both ways.

  90. mac-phisto says:

    @DragonAwake: you know, that’s an excellent, well-written & insightful synopsis. the only problem i have with it is that last sentence. ideally countries shouldn’t be able to play it both ways with globalism, but realistically, it couldn’t be farther from the truth.

    china is an anomaly in today’s global market. they have repeatedly circumvented attempts by the WTO, the UN (& its various committees) & member states to float their currency, clean up their humanitarian & environmental acts, uphold IP rights, & eliminate government subsidization of their markets. at the same time, they have been hugely successful at using these same global organizations to sanction protectionist acts in the US, EU & elsewhere, open the floodgates for chinese goods around the world, & pillage the periphery for resources to fuel their fiery growth.

    the very reason that chinese production even exists is b/c they systematically violate virtually every law in the book. if the chinese were required to play by the same rules as the rest of us, they wouldn’t be manufacturing a grossly disproportionate amount of the world’s products.

    the way i see it, we can bite the pillow & hope for a reach-around while they have their way with us OR we can suck up the fact that prices are going to go up b/c we demand that production must meet the standards that we’ve grown to expect. personally, i’d opt for #2. hell, there may even be some side benefits, like increased quality, or maybe even an increase in domestic production when companies realize that china ain’t as cheap as it pretends to be.

  91. doctor_cos wants you to remain calm says:

    She has a point? What flavor is that Kool-Aid?
    “..if China was to say, make toys without lead in them, or food that wasn’t poisonous…”
    What do YOU think is implied in this statement?
    1. We should expect lead-painted toys and poisonous food
    2. We should blame ourselves for enabling the poor Chinese companies to fall into such pitfalls as lead paint and poison food additives
    3. I hope they show a new episode of ‘Oprah’ today so I can quit hearing about reality. It scares me.

    Pick one.

  92. doctor_cos wants you to remain calm says:

    And don’t blame me, I don’t (and won’t) shop at wallyworld/Mao-Mart and haven’t for several years.

  93. iKnow says:

    @Fl3shy: @FreonTrip: That doesn’t make sense. What if I choose cheap and good, that would be win win wouldn’t it.

  94. iKnow says:

    @quantum-shaman: That’s a pretty ignorant comment, even if you are joking.

  95. iKnow says:

    @quantum-shaman: i hope your family dies in a nuke blast

  96. seanwestusa says:

    Well, I am a dealer in collectibler, VALID, glass, ceramics and some toys, etc. I go shopping in resale stores and see a nice item I think will be good. NOPE! On the bottom now more than likely is the damned “Made in China” label. They have become experts in copying anything from antiques to credit cards.