Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The Chinese are dependent on your consumption but they earn U.S. dollars from it. Some scholars argue that with these immense sums they buy U.S. treasury bonds and they possess so many of them that the Americans are paying the interests  through their taxes. And the economy is implicitly dependent on foreign owners of bonds. So you are right about the American dependency on countries with low-paid labor and cheap products.

I'm not ugly,but my beauty is a total creation.Hegel
by Chris on Tue Feb 28th, 2006 at 04:14:59 PM EST
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