"Globalization" as beautiful a concept as that sounds....
....really means "equalization to the lowest level".
Economic data in both China and Mexico squarely indicate that free trade and "globalization" have not resulted in an economic improvement to the vast majority of these country's respective populations. The vast majority of the Chinese population still lives in rural poverty.
Time to call it like it is: the "globalization experiment" has benefited only those at the top of the ladder, such as Tim Cook:
President of the Brice Fan Club
March 20th, 2017 11:00am
Yet there are fewer poor people than ever in history. Globalization has been a complete and total success. Trade has always risen all boats. Ask Adam Smith.
March 20th, 2017 11:23am
They now have 102 city's with over a million inhabitants.
Yeah, but trickle down...
Kenny the Robot
March 20th, 2017 12:49pm
Globalisation has been a disaster for the workers in the West.
The Great Orange
March 20th, 2017 2:11pm
Did you think those other countries were just going to stand still, a leveling was inevitable and will continue. You need to get used to it because the past isn't coming back.
March 20th, 2017 2:34pm
The only thing sadder than the Democrats on this board being totally and vocally committed to globalization to the point where they actively cheer the lives being ruined in the Midwest is the dumber than dogshit republicans on this board falling for Trump’s paper thin populist act.
March 20th, 2017 3:32pm
"Globalization" is an excuse they use to justify setting tax and spending policy to favor large corporations and dis-empower unions and labor.
It's not "Globalization" that does it, but the resulting rule changes they JUSTIFY by the word "Globalization". It lets corporations report quarter over quarter profit gains, by outsourcing their labor to cheap third-world countries (and China).
So yes, like "Supply-Side Economics", "Globalization" sounds beautiful in theory, and is pernicious in practice.
March 20th, 2017 3:57pm
> Globalisation has been a disaster for the workers in the West.
The US had that great little slice of prosperity because it wqs the only power still standing after WWII. It was always temporary.
March 20th, 2017 5:51pm
"Temporary", until Reagan deregulated and Supply-Sided and changed the rules.
THEN it no longer made sense. 1935 to 1980, "temporary".