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by turk-
3238 days ago
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Globalization is the cause of inequality. Technology just facilitates it. Capitalism leads to a concentration of wealth in the hands of a few and periods of globalization have resulted in high levels of inequality. Inequality today is comparable to the levels during the gilded age and there was no IT back in the 1870's. |
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Now, with regard to inequality in the US, that's mostly self inflicted. Moving production to cheaper areas lowers prices. It just so happens that the US chooses policies that increase inequality, rather than decrease it, like how education is funded.