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by mrtesthah
479 days ago
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I think the arguments in favor of a globalized economy, as well as the transition to a knowledge economy, are abundant and pervasive. I’m not going to argue in favor of them because they are already so powerful and obvious. If people conflate their current economic misfortune with a US foreign policy of encouraging global cooperation and participation, then they haven’t thought much about cause and effect. Someone who cared to address the newfound lack of upward mobility in our society would insist on domestic policies that ensured economic surplus was explicitly invested toward the public good. |
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While globalization certainly has advantages that have been espoused at length, little thought has been given to their clear downsides, like decimating domestic production and the vulnerabilities inherent to distributed supply chains.
As for the "transition to a knowledge economy", this too entails similar problems. The previous trajectory was simply untenable.