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> globalization would be good for all countries, they just kinda forgot about the massive political instability it could cause Could you say a few more words o

• hn_throwaway_99 2y ago
  Some resources: https://www.theguardian.com/world/2017/jul/14/globalisation-the-rise-and-fall-of-an-idea-that-swept-the-world https://www.theguardian.com/world/2017/jul/14/globalisation-... https://business.columbia.edu/sites/default/files-efs/imce-uploads/Joseph_Stiglitz/The%20Overselling%20of%20Globalization_0.pdf https://business.columbia.edu/sites/default/files-efs/imce-u... But in my own words, while I think economists have always acknowledged there would be some "winners" and "losers" from globalization, I think there is widespread belief now that early globalization boosters misjudged how bad it would be for the "losers", they underestimated how much it would contribute to inequality, and they underestimated the destabilizing effect this would have on social and political systems. At the end of the day, it doesn't really matter what the reality is for globalization's benefits if so many people are turned off by it that they want to "burn the whole thing down", as that's basically what's happening now.
  • exe34 2y ago
    Thank you, will read :-)