As an eternal devil's advocate - why were people not concerned when the market was speeding up the slope? why the crys only when market is down?
There are 2 sides to any transaction and i see no reason to blame (entirely) organizations, FIIs, FIs and politicians. The global market has regressed because of concerns in the Chinese market and the current market is reflecting the same.
If you want to enjoy the fruits of globalization, please be prepared to accept the odd sour taste as well.