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Globalization is a big political solution that favours only the ultra-wealthy. Ensuring people have purchasing power is the only way to ensure the economy doesn

Globalization is a big political solution that favours only the ultra-wealthy. Ensuring people have purchasing power is the only way to ensure the economy doesn't become a zero-sum game. The way things are going, companies with only a handful of employees can be worth billions. Where does that leave the rest of us?

vinceguidry 11y ago
> Ensuring people have purchasing power is the only way to ensure the economy doesn't become a zero-sum game. How are you going to do this? You can't just print money and give it to them. If you do that, then you're either just creating another, tiny, class of people, or if you do it for everyone, then you're just devaluing your currency through mass inflation. If you take it from people that do have it, then you either have a huge management problem, how are you going to decide which wealth is worth redistributing and which is worth leaving alone, or you'll have mass chaos. > The way things are going, companies with only a handful of employees can be worth billions. That's just, like, your opinion man. Mine is that the living standards of the poor have markedly improved in the last 50 years and continue to improve. Purchasing power is only one thing. There's access to food, political stability, access to a social ladder. All of these things are more important than how many dollars are in their pocket. Even the most autocratic nations have in the past few years had to open up.
zeveb 11y ago
> Globalization is a big political solution that favours only the ultra-wealthy. Nonsense. Globalization is why Walmart can feed the hungry and clothe the naked with cheap food and clothing. Globalization is why Apple, Samsung, LG, OnePlus and other phone manufacturers can produce supercomputers that fit in our pockets. Globalization benefits us all.

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Globalization is a big political solution that favours only the ultra-wealthy. Ensuring people have purchasing power is the only way to ensure the economy doesn

by rorykoehler 11y ago

vinceguidry 11y ago
> Ensuring people have purchasing power is the only way to ensure the economy doesn't become a zero-sum game. How are you going to do this? You can't just print money and give it to them. If you do that, then you're either just creating another, tiny, class of people, or if you do it for everyone, then you're just devaluing your currency through mass inflation. If you take it from people that do have it, then you either have a huge management problem, how are you going to decide which wealth is worth redistributing and which is worth leaving alone, or you'll have mass chaos. > The way things are going, companies with only a handful of employees can be worth billions. That's just, like, your opinion man. Mine is that the living standards of the poor have markedly improved in the last 50 years and continue to improve. Purchasing power is only one thing. There's access to food, political stability, access to a social ladder. All of these things are more important than how many dollars are in their pocket. Even the most autocratic nations have in the past few years had to open up.
zeveb 11y ago
> Globalization is a big political solution that favours only the ultra-wealthy. Nonsense. Globalization is why Walmart can feed the hungry and clothe the naked with cheap food and clothing. Globalization is why Apple, Samsung, LG, OnePlus and other phone manufacturers can produce supercomputers that fit in our pockets. Globalization benefits us all.