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by nsporillo
2211 days ago
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Globalization is and always was a race to the bottom for everyone but the owners. In my opinion, the idea has always been outsource work to other countries to bootstrap their economies into the modern era so whatever work we didn't outsource could benefit from additional customers. I think Globalization went a bit too far and left too many American cities in the dust while catapulting strategic competitors into a powerful position. The idea that millions of workers who lost their jobs could just immediately retool and find work higher up the value chain was a disaster. Many argue that Globalization has been a success for lifting millions out of poverty, but to me that just says we ruined some peoples livelihood for the benefit of other countries who seek to simply replace the need for us instead of trade with us. |
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Maybe the real problem is that in the 60s we were told that our future selves would be filled with leisure time due to automation. That leisure team turned out to be a synonym for unemployment. The problem is that the wealth generated from globalization became centralized instead of benefitting everyone.