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The effects of globalism... Upper management stays employed and gets richer, everyone below (the middle class previously) are out of a job. Child labor and inhu
by TosLink2 9y ago
The effects of globalism... Upper management stays employed and gets richer, everyone below (the middle class previously) are out of a job. Child labor and inhumane working conditions overseas and mass pollution of our entire planet. How is it that progressives actually think this is a good thing? (this is an honest question).
- ZeroGravitas 9y agoIf, as Economists suggest, the total wealth is increased, then it could be distributed so that everyone is better off (nationally and globally). Generally progressive governments support policies that would distribute the gains in that kind of way. Non-progressive governments blame outgroups, steal from the powerless and give to the already wealthy, creating the problems you blame the progressives and globalism for.
- mistermann 9y agoWhat do they steal from the powerless?
- luckydata 9y agoBecause they are easier to bully as they are powerless. Duh.
- QAPereo 9y agoWhat makes you think that they do?
- beebmam 9y agoIt doesn't have to be the effect of globalism. Redistribution of wealth and land is quite effective.
- oppositelock 9y agoIt's not globalism, per se, globalism is a symptom of monetary policy implemented in tandem by most of the world's central banks. The root cause is that every developed nation on earth runs an inflationary monetary policy coupled with perpetual deficit spending. Money creation via central banks and deficits is not uniform, it pours into economies via cheap credit, subsidies, spending on boondoggles, and it's the people who have first access to this newly created money who benefit the most, and these tend to be the people with a lot of capital, political connections, etc. The average person simply sees their limited buying power decreasing over time.
- quadrangle 9y agoSure, but it's not strictly the inflationary / deficit issue right? It's primarily (as you say) a matter of who gets the increased currency, right?
- maoistinquisitr 9y agoThe cheap credit perverts the entire economy away from productivity growth, which is what produces real wealth that tends to be widely shared. It doesn't matter how the cheap credit is distributed, the credit just redistributes wealth and doesn't increase it. There's that and then also the problem of the global monetary system. The average American is getting crushed by the dollar reserve currency system. America can't be globally competitive in labor intensive industries in substantial part because of it. Triffin's Dilemma. But the ability to issue endless USD denominated debt that the rest of the world eagerly gobbles up is fantastic if you're closely attached to the DC cash spigot or NYC banking. So there's this direct opposition of interest between the current elite who derive enormous power and wealth from the system, and typical Americans who just want a job.
- nova22033 9y ago>everyone below (the middle class previously) are out of a job Seems a bit hyperbolic..The unemployment rate for programmers is <3%.