China and California Babylon (Transplants)

Chinas economy is the fastest growing in the world. Everything you own, buy or steal is quite possibly made in China. US and European companies find that its easier to market there then in their home countires. The labour is cheap and it allows the "fat cats" to make more money paying the average Chinese worker less then minimum wage then to pay say an American worker full wages and insurance and such. But why are companies doing this? As I have stated its plain easier to make the products there and ship it to wherever then making it here.
China has been a communist country since 1949 when a little man named Mao kicked out the Japanese and all others who opposed his rule. Up til that point China had been exploited by other nations. Most prominently Britain and Japan. China didnt have much in the way of industry at the time, it was basically all agriculture. But Mao changed all that. In a Stalinistic purge, he kicked Chinas' economy into high gear. For 30 years China grew and grew and completely cut itself off from the West. Then in the 70's to ease pressures from the USSR and the Vietnam war, President Nixon of the US went to China and visited many historic sights of the country, finally opening the powerhouse communist country open to the West.
You see, when the people have basically no human rights, and there are a billion people in your country you really can pay people in beans. So American corporations see this and think "Hmmm". By sending food, vehicle and all other goods from their country to China makes it easier to ship abroad. Little do they know that China doesnt need it.
China is basically a capitalist country. The youth of the country realize that communism just doesnt work. Look at Lenins Russia, Titos Yugoslavia, Castros Cuba. OK, I know that last one isnt one but hey, when he dies what do you thinks gonna happen? Young people in China for the majority arent even in the Communist party. The only reason they join is to become a beaurocrat in the country that already has more red tape then if you sewed all the flags of the country toegether.
So what will happen to our North American economy? Will it dry up faster then Michael Jacksons career? (Sorry I had to throw a Michael reference in there). Alas Im not a analyst on this sorta thing. China will continue to grow into a super-power that could potentially rival the US. The US has problems with everything these days. Internal struggles, world opinion, illegal immigration and now this economic giant looming over them. Maybe they deserve it, maybe they dont. Now to go grab my Nikes and perhaps play some games on my IBM computer made in the US. Right...
Adieu.
My ankles turn inward.