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40 Years of Data Suggests Three Myths About Globalization
- isabelc 9y agoData is finally showing what anyone who's lived 40 years in what is now called a "sanctuary city" in the US, already knows and witnessed: that globalization leads to higher inequality.
- kennethh 9y agoThe most important thing must be that most people and especially the poorest are getting a better way of life and all the numbers show that they do. The number of people who live on under 1.9$ a day have decreased a lot the last 30 years, https://utopiayouarestandinginit.com/tag/global-poverty/ https://utopiayouarestandinginit.com/tag/global-poverty/ 100% equality usually means most people have nothing. Inequality seems to follow The Pareto Principle, https://www.pragcap.com/the-pareto-principle-and-wealth-inequality/ https://www.pragcap.com/the-pareto-principle-and-wealth-ineq... I myself had trouble understanding it, but if one make the thought experiment that all wealth in the world would be distributed evenly. After 10-20 years most likely a Pareto distribution would occur one again but of course with some different winners and loosers.