“Curious that the burden falls on the American working class to lift poor Chinese out of poverty by giving up their jobs while the American 1% gets richer from globalization. That is class warfare in its essence.
The American working class voted in the people who oversaw the wholesale gutting of the labor union while presiding over stagnant wages. The deal was that manufacturing would head out and we’d all transition to service economies. This has been possible and the transition has been successful in multiple western economies.
Globalization isn’t the problem. It’s the businesses owners capitalizing on market instability to slash wages. There was no way to stop globalization. There was a way to make sure people can live a comfortable and dignified life throughout the transition. The Republican governments did NOTHING to ameliorate the situation. Now we blame something that was inevitable instead of the crooks that looted the country over the past four decades.” Metafilter
Image is George Cruikshank’s “The British Bee Hive” painting depicting the society in the way Adam Smith saw it.