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I am also not an economist and speaking to this from more of a philosophical perspective. I think that globalism is good for several reasons. It attempts to put
by optimuspaul 8y ago
I am also not an economist and speaking to this from more of a philosophical perspective. I think that globalism is good for several reasons. It attempts to put everyone of level footing and remove unfair advantages that one country may enjoy. I don't think that we have ever really gotten close to achieving this level of globalism however. I also think that it acts as a governing mechanism to optimize workforces. If a company or worker cannot compete on a global scale then it is, in my opinion, a sign that they should do something else.
I think you are wrong that "globalism seems to benefit the ultra wealthy but this seems to be at the cost of the middle class." The key points that I think are wrong is that it's not just globalism but free markets and capitalism and also not just the middle class but everyone other than the upper classes.
I don't have a strong opinion about tariffs in general but they are a terrible tool for attempting to control a well established business. It tends to have a negative effect for all parties involved, at least in the short term and potentially long term as well.