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>those who aren't benefiting from the economic wealth that globalization generates I think that's the problem that the NYT completely misses. If modern globa
by FilterSweep 11y ago
>those who aren't benefiting from the economic wealth that globalization generates
I think that's the problem that the NYT completely misses. If modern globalization causes centralization on an economy of scale basis, then there is less "wealth" generally created overall.
Centralized economies are less competitive economies. Less wealth goes into the hands of few than leaves the hands of many, if that makes any sense. If HP were to merge with Apple (joke hypothetical), there would be some very happy board members and execs, but far more, less happy workers fired for redundancy.
Unfortunately, this is the situation we are seeing more and more today, particularly in the 21st century. And yes, the population does have an impact on this
The major point of contention here is: "does globalization cause centralization?"
- deleted 11y ago[deleted]