Guess you missed the shake off the crust part.
You need a vacation.
I suggest Shanghai.
And when you come back..you can let me know..in no uncertain terms.
Why the Chinese are kicking our asses.
China is "beating your asses" because of cheap credit. There are whole cities being built, but guess what... no one lives in them... about 10 a year are built.
Ordos, China: A Modern Ghost Town - Photo Essays - TIME
The property "boom" is a huge bubble that makes the US property bubble look like a small wart.
Also China has much cheaper labour and better educated at that. Slave labour does that to an economy...
Now if you want to go to the lowest denominator, then by all means turn the US into China 2.0, but then you have to kiss that free market democracy good bye since you need to be able to hit down hard on dissenters and protests.