2 ms·
> How have other western countries managed this better? Can any of the methods used by those countries you speak of be used in the US? Of course, but the Ameri
by henrikschroder 10y ago
> How have other western countries managed this better? Can any of the methods used by those countries you speak of be used in the US?
Of course, but the American people are generally extremely skeptical of the idea that other countries might do things better, and any US politician that tried would immediately be branded a dirty, stinking, socialist. Because that's what you need, a little bit of socialism.
You need to tax the individuals and corporations that make the biggest gains from globalisation.
You need to redistribute that wealth to the individuals that are hardest hit by globalisation, those whose jobs are disappearing.
You need to invest in education, so the next generations are competitive in the global marketplace, and you need to invest in re-education, so that the indivuals whose jobs are gone can get a different job in a different industry.
(And to be fair, the US is doing these things, for example: https://en.wikipedia.org/wiki/Appalachian_Regional_Development_Act https://en.wikipedia.org/wiki/Appalachian_Regional_Developme.... It's just not enough.)
I'm not saying the Scandinavian countries are socialist utopias, there's definitely problems, but they don't suffer from this particular problem. When in the US, inflation-adjusted income has remained steady since the 70's for the lower half of the population, in Scandianvia, the inflation-adjusted income has risen for everyone. Yes, the gap between richest and poorest has increased as well, but as long as everyone is getting it a little bit better all the time, it's easier for society to bear.