Hacker News new | ask | show | jobs
by ZenoArrow 3627 days ago
> "Voters in large numbers have been rejecting much of the underlying logic behind a dynamic globalized economy that on paper seems to make the world much richer."

That's a very different narrative than the one I recognise. From what I've seen the main effects of globalisation have been twofold:

1. Lowering prices by getting the working classes of all countries to compete with each other.

2. Giving multinational companies greater leeway in tax avoidance.

The narrative that either benefits us all is somewhat misleading. Furthermore, with increased automation we'll see an even more rapid concentration of wealth in the hands of the few.

On a semi-related note, if you have the time to watch it (it's roughly 2 hours long, but it stays interesting throughout IMO), I can recommend this video, it's a conversation between Yanis Varoufakis and Noam Chomsky, it helped me develop a further understanding of the problems in the EU, and the issues that come from unelected bodies taking over our democracies:

https://m.youtube.com/watch?v=2WG-uEND74E

1 comments

Exactly. The average citizen doesn't see much of the benefits of globalization. It mostly helps governments and companies.
Tell that to my cheap phone made in China running an OS made by developers from around the world. My Turkish t-shirt, the Spanish tomatoes I ate this morning or the server I'm remotely setting up on the other side of the planet, so my company can sell their services there.
You benefit as a consumer, but you may lose as a worker.

We end up in this strange environment where manufactured goods are very cheap compared to housing and professional non-importable services like health and education.

Are you in the lower/working class of your country? If not, then you're not necessarily amongst those that the system works against.
The mere existence of globalization is not a counter-argument to the grandparent. To construct a counter-argument, you need to proof that the Turkish t-shirt and Spanish tomatoes are actually a benefit to you (or rather, to the mythical "average person").