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by VincentEvans 3177 days ago
To add to this, a bit: Our present political kerfuffle is no small way caused by collective feeling of anger by population who have seen their (industrial, mining, farming) jobs in rural america disappear due to globalization, while the market expanded .... elsewhere. In New York, in San Fran, in China, in India. And the money from that expansion did not go anywhere near those affected.

But the upside is how much lives of Chinese have improved, so they got that going for them, which is nice.

1 comments

Kind of. Middle Class Chinese have had their lives improved quite a bit. Worker class Chinese, well, that situation seems fuzzier.
This may be more or less true, but that's a separate problem from globalization. Due to globalization China got much much richer (to the point of politically bullying other countries due to economical power), but the distribution of the income is an internal problem.