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by Matticus_Rex 1851 days ago
Given the estimated gains of globalization just in economic terms (to say nothing of worldwide economic stability in most situations), which are in the 14-figure range, there's significant doubt here. Yes, there's likely room for things to be made in more than one place in many instances. But global comparative advantage is still the single greatest contributor to rises in global standards of living. Billions of people have been raised from extreme poverty due to globalization in the last few decades.

Those shortages we occasionally get are market opportunities that will encourage new market entrants. We don't need to attack globalism to get redundant production.

1 comments

One problem with globalization is that it takes forever to pull everyone up to the global middle class (around $10k per capita). That's not just bad for low skilled workers in the US. A lot of countries get stuck in the middle income trap because foreign investors move on to the next cheapest country.
Is that a problem with globalization? Compared to what? Without globalization, most of those in the global middle class wouldn't have gotten there, and wouldn't stay there if globalization ended.