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This is just a case of policy and culture not keeping up with technology. Globalism happened so fast that the policies of countries who have been somewhat hurt
by antisthenes 9y ago
This is just a case of policy and culture not keeping up with technology.
Globalism happened so fast that the policies of countries who have been somewhat hurt by it have erred on the side of nationalistic rather than redistributive (which would have accounted for the higher marginal productivity of capital vs labor)
- PKop 9y agoRight but.. "redistributive" means what exactly? Free money for no work, or subsidized jobs? Know what I'm saying?... I personally resist jumping to redistribution with no work attached and would rather see some support of industry that will at least enable people to be gainfully employed. At the end of the day, you'd be getting money in the hands of those that otherwise couldn't earn it on their own, at the expense of those that can (higher costs for the domestic products produced), but with lesser socially destructive costs of perpetual dependence on welfare transfer payments, food stamps, UBI, etc. I actually don't see how we have erred on the side of nationalistic policy, yet.. though I see the demand for it now.