Somebody allowed a command economy (China) to compete in a global market. People complain that its all about 'outsourcing'. Thats been going on for centuries, but locals can always compete due to a shorter chain of command, no language barriers, better quality products etc.
Command economies can set their price below what it actually costs to produce. It's kinda why the west went out of its way to shame, tax, block and slander every Soviet export during the cold war. Most of their products were pretty good, reliable if a bit dull. But since their money is based on 'time' and not 'value' they can produce goods at a lower cost than everyone else simply because they don't need to 'make money' to stay in business.
Long story short. Letting China export to the world without insisting they dump Communism was a mistake and we're all paying the price.
Watch what happens, as the powers wanted and tried to scare BrexIN the people spoke and voted BREXIT. As predicted the markets tanked hmmm no revote, people held their ground sooooo back up and business as usual. Now media tries same scare tactics if Trump wins we will all lose all our money ooooh noooo. So expect a "correction" down and as Americans celebrate, which they should, expect bulltrap market to continue only to suck in retail money as a bear market is due. Ex. look at facebook, media hyped as greatest ever as insiders have been selling for months. Main stream media is the opinion of few, never trust them, do your own research. The internet is an enormous supply of data but do not trust everything.
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