[ivl]

Globalized capitalism has caused the largest reduction in poverty ever. If you had to be randomly born anywhere in the world, only getting to pick the date, you'd be smart to pick today if you wanted a decent shot at life.

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.

[chroem-]

>Globalized capitalism has caused the largest reduction in poverty ever.

This is a non-sequitur that often gets touted, despite totally ignoring efforts of NGO's, improvements in technology and industrialization, as well as decolonization. Further, the majority of the world's most developed economies, e.g. China, Japan, and the US, all relied on heavy protectionism to at first foster the creation of local industry. Forcing open the economies of developing nations is a surefire way to keep them poor and totally dependent on foreign imports.