2 ms·
Seen that thing already on /r/economics a while ago, went in a long discussion with a libertarian sounding guy. Was really disappointed. I don't like this, bec
by jokoon 12y ago
Seen that thing already on /r/economics a while ago, went in a long discussion with a libertarian sounding guy. Was really disappointed.
I don't like this, because the current argument of inequality talks about developed countries, inside borders. The "global inequality" somewhat argues that inequality per country is irrelevant because what counts is global inequality, which to me is a little fallacious: you don't replace a debate with the same debate at a bigger scope.
If markets are being globalized, nations lose bargaining power, and it's not really a good thing.
It's also a little inadequate/irrelevant to talk about income inequality in developing countries I think. Those countries are developing, so it's not surprising to see their economies improve. If it's done at the expense of other more developed countries, it's natural for those latter countries to complain.