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The global economy is not a zero sum game, and globalisation worked well for the USA as a whole. Americans just didn’t share that newfound wealth with the lowe
by quicklime 4y ago
The global economy is not a zero sum game, and globalisation worked well for the USA as a whole.
Americans just didn’t share that newfound wealth with the lower classes as well as India did.
- InTheArena 4y agoActually, multiple studies have shown that yes, while some did get richer in the USA, the cost of globalization - worldwide - was mainly born by the middle class. People in poverty received governmental assistance. And as someone who is in India frequently, the idea that newfound wealth was shared as a deliberate policy mechanism with lower classes is somewhat ... discredited. I believe in globalization - but the US government should have done a better job helping people with it's impacts, and the developed world should stop pretending that there was no cost to others to make it happen.