|
|
|
|
|
by arvinjoar
3152 days ago
|
|
When is enough enough? No-one gets to say. For better or for worse, a race to the bottom is a coordination problem where the incentive is always to be the defecting party. This means that however well-intentioned you are, global capitalism marches on without you, your choice is to jump on the bandwagon or become irrelevant. Politics doesn't matter much, it can only stall the inevitable, usually at great cost. |
|
Yet we do get to say. A big cause of the political instability in the US is due to increasing inequality and a declining quality of life for much of the country. If such economic forces cause protectionist legislation to be passed, isn't that the people getting a say?
Also, the idea that you must jump on the global capitalist bandwagon to remain relevant is odd to me. Is being an economic powerhouse the only factor in a country's relevance?