In recent years, consumers in the US huffed over the dangers of Chinese-made goods to kids in the US. Now they and their governments might start thinking harder about what those goods are doing to kids in China.
A good case can be made that the massive globalization of labor and financial markets, coupled with "free markets uber alles" policies, formed a toxic mixture that made the collapse inevitable. Here's why.
Adam Lerrick, an economics professor at Carnegie Mellon, heavily criticized Obama's economic policy and tax plan, claiming "The economic tides will not stand while Washington experiments with European-type social democracy."