that it is not only China who is taking over the world, it's a lot of other far eastern countries as well, and, by the way, we gave them the money to do so. Way back in the 1960's when the western world owners wanted more return on their investment, and Mr. Joe Public wanted cheaper goods, both parties got what they wanted, but Mr. Joe Public lost his job to the far east where the cheaper goods were made.
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For a few decades, manufacturers made more money because of the cheaper far east wages but are now paying, via bankruptcies, the cost of moving those jobs overseas as the 'cheaper wage' countries gain independence and start their own businesses, offering cheaper goods and cutting out the western world owners.
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IMO Bill Clinton, when he verbally encouraged materialism in China, did not do the world a favour, he cost the western countries everything by upsetting the balance between east and west.
MTS