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The working class had been degrading since Nixon opened China and then Raegan deregulated large swaths of the economy in the 70s. Even if NAFTA may have acceler
by vlovich123 2y ago
The working class had been degrading since Nixon opened China and then Raegan deregulated large swaths of the economy in the 70s. Even if NAFTA may have accelerated things slightly, it didn’t really materially impact the trajectory since China has had a bigger impact on the working class than Mexico. It turns out that capital will always try to find the cheapest workers. And before globalizations, people would complain about low-priced immigrants coming and taking jobs.
As for globalism, if anything you’re complaining that there isn’t enough globalism in terms of a global regulation on what business owners and countries can and can’t do. Because otherwise you’re just getting outcompeted and trying to silo off your country leads to a long death.