[shkkmo]

> , there are hundreds of millions fewer people in poverty than there were just a few decades ago.

And how much of that is due to globalization and how much of that is due to the growth of local economies? How much faster would those local economies have grown if wealth was not being siphoned out by multi-nationals? (These are not honest inquiries, not rhetorical questions.)

> None of what you're saying justifies that the alternative would have been better, where most of these people remained poor subsistance farmers.

The people who were poor subsistence farm who had their lands given away are generally not those who have been lifted out of poverty.

[barry-cotter]

In China it’s almost all due to globalization. Multinationals doing siphon out wealth. They invest huge amounts of money in foreign direct investment, enabling faster growth than if all capital had to be domestically sourced and they take some of those profits and repatriate them, but the wages they pay and the capital investment they make stay in country.

In China the people who were poor subsistence farmers absolutely are those lifted out of poverty. The numbers are just too great for it to work any other way, with urbanization going from ~20% in 1980 to 70 or 80% now. Similarly in Korea.