China recalls on toys and cribs is the result of ‘low quality’ transformation of world’s major corporations – the trend will devastate world economy
Fred Day
Sep. 22, 2007

Recall of China made toys and cribs is just the start of gloom and doom in trade and world economic expansion that started with major corporations throwing the concept of quality out through the window.

The maker of Graco and Simplicity cribs recalled 1 million Chinese-made cribs with design flaws after three children died, while Mattel Inc., the world's largest toy maker, apologized to China and took the blame for design problems in its toys.

There is nothing to be surprised at. The sense of pride in quality was abandoned ten years ago when the US and European corporations started outsourcing from China and India.

When quality is no longer an issue, the eventual problem transforms into basic consumer safety issues. But corporations like Mattel or Graco never really cared for it to keep up with the pressure from Wall Street firms.

They are not the only one. Every major corporation has thrown the quality –baby out through the Window. Everything has transformed into lowering the cost at the cost of quality.

The implication is nasty. This is leading to financial and trade meltdowns. The worldwide economy is now ready to plunge into recession. If US consumers stop buying Chinese goods, the world’s economies will become devastated in relatively short time.

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