I don't understand this statement. Wallmart and other discount retail outlets aren't the enemy or the evil empire. I employ 10 people, I see the results of poverty and poor spending habits everyday. If we didn't have discounted retail outlets as a viable option for many of them, their money would go 1/2 to 2/3 as far as it goes now when they don't have enough to begin with. This isn't about wasteful people, this is about poor people trying to make it.
You are right, China doesn't have to kill American manufacturing, but it is. China is very much capitalizing on Americans wasteful lifestyles. Its not common to buy high quality items anymore, people shop at walmart. It just propagates the already ridiculous American mentality that they can have a lot, for a little.
I think you're missing his point. It's one thing to go to wal-mart and buy some food. If you buy an apple at wal-mart, it's probably as good as any other apple at the local grocery stores. Maybe a little better/worse, depending on what other markets are local. But regardless, the apple is "good" and safe to eat. It's only gonna be around a few days till you eat it anyways.
Now go to walmart and buy something that you plan to keep for years, and expect to work for years, trouble free. Say some type of electronic device, like a 80 dollar stereo. It's shitty when the power button on the stereo becomes troublesome after 2 months of use, and then after a year that button fails and now the stereo won't work at all. But it's not worth fixing, cause is was only 80 bucks new, and for the cost of having someone fix it, you could just "buy another".
That's the mentality that wal-mart and others are making money on.
Truth is, if you couldn't afford the 130 dollar stereo from a known good brand name, then you could have waited till you had enough money saved up to get a good one.