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You're right that it's a double-edged sword. But when our economy starts to feel the pain, it will not only force businesses to adjust their actions, but it will also create the political will to carry out the necessary change both on an individual and societal level.
My biggest worry is that we've given up our economic sovereignty by taking on such a massive debt. China could cripple us in ways that are barely imaginable. We're their bitch, and getting into a trade battle with them is very nearly mutual self-destruction. Yet, at the same time, if China doesn't clean up their pollution we face long term problems that could be unrepairable.
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