The Chinese people are not rich. They are pawns in the game, too.
The game is "finding the cheapest labor" globally. MBA's are taught that labor is an unpleasant cost of business and the cheapest way to show a profit is
to cut your staff.
This has been going on since industrialization, the constant musical chairs for near-slave labor. Every generation...they rip the rug out from under them and take their money. The rich sit by and laugh and care nothing for this.
Germany under Hitler had the world's fastest growing economy, unmatched, that the world has ever seen. That speaks volumes about a country that repelled the international bankers and climbed out from under their tyranny. That speaks volumes about a country that, under the right leadership, morality and attitude reached new heights.
We will not overcome the corporate mentality until business owners and investors decide that this nation, America, matters more than anything else. They would have to CARE that their decisions affect much more than their bank accounts. With the digression in decency out there, it is hard to imagine this happening. No one wants to be the first to do it, their egoes and greed get in the way.
I think our nation knows what the problem is...but is not naming the culprits. "Wall Street" doesn't define much beyond the bankers. And you are correct, this house of cards is falling.