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The "problem" here is the globalization of the economy. I like to think of it as an icecube in a pitcher. If you pour water in, it starts to melt the icecube, s
by rqebmm 12y ago
The "problem" here is the globalization of the economy. I like to think of it as an icecube in a pitcher. If you pour water in, it starts to melt the icecube, so the tip will go down a bit, before it's carried up by the water level. The US/EU is the tip of that iceberg. As economies around the world copy the Western world, they're rapidly expanding and improving the quality of life for millions around the globe, while the ones that were in the lead after WWII have seemingly stagnated.
Really we're just waiting for everyone else to catch up.
- bsder 12y ago> Really we're just waiting for everyone else to catch up. I don't buy this without some evidence. China is automating. Quickly. Yet, they still have very significant endemic impoverished population clumps--especially in rural regions. However, with automation, the whole "move everybody to the cities" is breaking down.
- seanflyon 12y ago> Yet, they still have very significant endemic impoverished population clumps China has problems, but nothing compared to the China of 20 years ago. China is the poster-child of globalization improving the living conditions of the poor.