4 ms·

"Globalized world" is bullshit - quarterly profit driven mentality has reduced our manufacturing sector to the point where it's a security concern. Also, the g

"Globalized world" is bullshit - quarterly profit driven mentality has reduced our manufacturing sector to the point where it's a security concern. Also, the globalized world (re China) was, at one point, looking like they'd liberalize and join the rest of the world - we would all rather trade goods than bullets. That has proven to be a mistake, and we're correcting it by investing in manufacturing and infrastructure here. "But the global economy" - nope. It turns out it matters where the factories are located, and we're trying to right the ship - finally!

knowaveragejoe 6y ago
I'm saddened to see such economically illiterate garbage on HN. We're living in a globalized world, and everyone is better for it.
- derpyaphap 6y ago
  Tell that to the Uyghurs :)
  - analognoise 6y ago
    Yeah like these people think you need a PhD to tell the working class has been getting fucked here in this country for the last 40 years. Real wages are flat, housing is through the roof, manufacturing jobs offshoring left entire regions destitute, healthcare costs skyrocketed, there's lead in the tapwater... but apparently if we think globalization is bad (or that the myth of the free market) we're uneducated - while the CCP sends jets to intimidate Taiwan and even Ford can't get semiconductors. We're going to finally increase taxes on corporations and the government is going to spend freely on semiconductors and R&D like they did in the 50's and 60's, but these things are... bad, compared to the last 40 years of policy? Citation needed. There needs to be a clear delineation between "globalization" (we're all multicultural and can all be friends - this is true and good) and "globalization" (we compete for the bottom of the barrel pricing with people who throw the untreated water from the factory into the local river - this is bad).
    - HobbseanMess 6y ago
      Excellent remark. The report card on globalization thus far is a hollowed out economy in the west with rent-seeking and the profits of globalization floating around in financial assets in a sterile fashion. Even the new conservatives are waking up to this. It's far better that the west employ these new protectionist approaches and reindustrialize their countries. China isn't just producing cheap Hasbro toys. They are increasingly moving up the value chain while America moves down and its people are employed in increasingly low productivity jobs. Our old elite sold us out. Thankfully some of the elite have figured this out. The rest are still reading their 2000s-era textbook telling them some abstract idea of globalization is great. No thank you. That's how you get a worse Trump.
      - analognoise 6y ago
        I don't buy the lines about the elite - regular people voted in the republicans and the neocons who favored these policies. It's hard to pin it on "the elite" when they were voted in after explicitly explaining their views. There's a large section of the populace that would rather other people do worse than have everyone do better - and they got exactly what they voted for. We can't pawn it off on "elites". Same with "rent-seeking behavior" - if you incentivize it that way, you get exactly what you structured the policies for. It's the people's fault, not some high and mighty class that's smart enough to look at the policies and come to the same conclusion everyone else would (and did).
      - knowaveragejoe 6y ago
        > The report card on globalization thus far is a hollowed out economy in the west with rent-seeking and the profits of globalization floating around in financial assets in a sterile fashion. These arguments from emotion are, again, so saddening on see on HN. The "report card" of globalization is that the last few decades have been by far the best period to be alive in human history essentially anywhere on the planet. The economy isn't "hollowed out", the US is a booming & dynamic economy. The US is the second largest manufacturer in the world by a wide margin(unless you consider the EU as a singular entity). The idea that we've been "sold out" implies things were just fine before those pesky elites and globalists screwed it up. The perception of the US middle class in the mid-20th century is idealized to the point of mythology and has no real basis in reality. If you were suddenly teleported into the 50s you would very quickly wish to come back. The sort of economically illiterate brand of populism is probably the single greatest threat to the prosperity of this country, not the things that it(falsely) attributes our problems to, like globalism.

knowaveragejoe 6y ago

I'm saddened to see such economically illiterate garbage on HN. We're living in a globalized world, and everyone is better for it.

derpyaphap 6y ago
Tell that to the Uyghurs :)
- analognoise 6y ago
  Yeah like these people think you need a PhD to tell the working class has been getting fucked here in this country for the last 40 years. Real wages are flat, housing is through the roof, manufacturing jobs offshoring left entire regions destitute, healthcare costs skyrocketed, there's lead in the tapwater... but apparently if we think globalization is bad (or that the myth of the free market) we're uneducated - while the CCP sends jets to intimidate Taiwan and even Ford can't get semiconductors. We're going to finally increase taxes on corporations and the government is going to spend freely on semiconductors and R&D like they did in the 50's and 60's, but these things are... bad, compared to the last 40 years of policy? Citation needed. There needs to be a clear delineation between "globalization" (we're all multicultural and can all be friends - this is true and good) and "globalization" (we compete for the bottom of the barrel pricing with people who throw the untreated water from the factory into the local river - this is bad).
  - HobbseanMess 6y ago
    Excellent remark. The report card on globalization thus far is a hollowed out economy in the west with rent-seeking and the profits of globalization floating around in financial assets in a sterile fashion. Even the new conservatives are waking up to this. It's far better that the west employ these new protectionist approaches and reindustrialize their countries. China isn't just producing cheap Hasbro toys. They are increasingly moving up the value chain while America moves down and its people are employed in increasingly low productivity jobs. Our old elite sold us out. Thankfully some of the elite have figured this out. The rest are still reading their 2000s-era textbook telling them some abstract idea of globalization is great. No thank you. That's how you get a worse Trump.
    - analognoise 6y ago
      I don't buy the lines about the elite - regular people voted in the republicans and the neocons who favored these policies. It's hard to pin it on "the elite" when they were voted in after explicitly explaining their views. There's a large section of the populace that would rather other people do worse than have everyone do better - and they got exactly what they voted for. We can't pawn it off on "elites". Same with "rent-seeking behavior" - if you incentivize it that way, you get exactly what you structured the policies for. It's the people's fault, not some high and mighty class that's smart enough to look at the policies and come to the same conclusion everyone else would (and did).
    - knowaveragejoe 6y ago
      > The report card on globalization thus far is a hollowed out economy in the west with rent-seeking and the profits of globalization floating around in financial assets in a sterile fashion. These arguments from emotion are, again, so saddening on see on HN. The "report card" of globalization is that the last few decades have been by far the best period to be alive in human history essentially anywhere on the planet. The economy isn't "hollowed out", the US is a booming & dynamic economy. The US is the second largest manufacturer in the world by a wide margin(unless you consider the EU as a singular entity). The idea that we've been "sold out" implies things were just fine before those pesky elites and globalists screwed it up. The perception of the US middle class in the mid-20th century is idealized to the point of mythology and has no real basis in reality. If you were suddenly teleported into the 50s you would very quickly wish to come back. The sort of economically illiterate brand of populism is probably the single greatest threat to the prosperity of this country, not the things that it(falsely) attributes our problems to, like globalism.