To be intellectually honest about it, you have to answer a bunch of questions: 1. Awful compared to what? 2. Was there an equivalent transfer outside America?

To be intellectually honest about it, you have to answer a bunch of questions: 1. Awful compared to what? 2. Was there an equivalent transfer outside America? 3. What is the cause? What ratio rent-seeking/shady activity vs a consequence of natural forces (e.g. technological change)