Our middle class disappeared - now we know where they went.
They went with the factories we exported, the tariffs we dropped, the outsourcing we encouraged, and the borders we didn't seal.
China adopted a blend of capitalism and fascism. Some call it state capitalism. They keep their communism merely for the civil rights side of things, you know: squelching individuality, liberty, killing unwanted babies, smashing printing presses, and arresting worshippers.
The industrialization of China created a middle class, largely on the basis of factory orders from America. Now our purchases are falling, so the Chinese middle class is losing employment. We terminated them again - the middle class.
But we miss them. They shall return, and next time we'll treat them with more respect.
It's all so simple.
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