>This doesn't make rich countries as much worse off as you think it does- the majority of the increased production of poorer countries goes to meet local needs,

>This doesn't make rich countries as much worse off as you think it does- the majority of the increased production of poorer countries goes to meet local needs, overall having a relatively small effect on the price of global labor. That bit of contorted reasoning has long been the dogma of some economists. Whether you belive this thinking became entrenched due to some grand globalist agenda or was simply wishful thinking, you must admit that it is counter-intuitive to believe that massive outsourcing to low wage countries would have no effect on domestic wages. And, now, many economists are having second thoughts: [1] http://economix.blogs.nytimes.com/2012/08/29/changing-views-of-globalizations-impact/ http://economix.blogs.nytimes.com/2012/08/29/changing-views-... And, from Nobel economist, Michael Spence [2] http://www.cfr.org/industrial-policy/evolving-structure-american-economy-employment-challenge/p24366 http://www.cfr.org/industrial-policy/evolving-structure-amer...