Quote Originally Posted by Organ Morgan. View Post
It's difficult for us to realise how interdependent the world has become. China and its cheap labour has been the engine for global growth for many years. The U.S. spent decades shifting its manufacturing base to there. If China's economy falls then so will all others. That 15 quid toaster in Argos would double in price, ditto for anything else made here or in other Western countries and price inflation would rocket. Walmart in the U.S. is like Tesco, Asda and Sainsbury's rolled into one over here. 90% of what they fill their stores with says Made in China.
A bit like colonialisation was in some respects.