Submitted by strawberries6 t3_11dfxup in news
UniversalMomentum t1_ja9638e wrote
Reply to comment by Moosetappropriate in Exclusive: Hyundai to divest Alabama subsidiary following child labor revelations by strawberries6
Yes, but it also just so happens when your the richest country you have to outsource labor to make things cheap enough to sell them to most anyone but yourself.
I think that's the part most people overlook. America could make everything in America but then not only would we pay more, but much fewer places could afford the products and the entire global economy would grow slower.
Before globalism it was like developing countries were more linked to developed countries economies because they were trapped behind the inflated values of developed nations. Globalism is really just letting them make the stuff themselves so everybody can grow faster and it's actually rather generous of the developed nations to not lock developing nations into higher costs.
When you get right down to it Globalism has been the biggest wealth redistribution to the developing world in all human history. US and EU aren't getting richer relative to developing nations via Globalism, they are getting richer slower and developing nations are growing faster and for that developed nations citizens get some of the cheapest retail buying power in history... on those items. Not so much on healthcare or housing where globalism doesn't help much.
Soo you might be barking up the wrong tree when you really stop and think about it all.
Moosetappropriate t1_ja97rgx wrote
Globalism is a symptom yes. But it comes down to American materialism and greed. Americans want lots and of the best of everything but they don’t want to pay for it. Therefore they outsource to third world countries instead of using American workers and paying union wages for their goods.
HugeFinish t1_ja9ooe3 wrote
Do you think this doesn't happen in every other country? Do you honestly think Europe is some kind of magical land?
Moosetappropriate t1_ja9zhba wrote
So because no place is perfect we can’t point at the US and say that as the richest nation they shouldn’t be expected to be better? The real problem is that America is among the worst offenders in this.
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