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Ideally globalization gives everyone a shot at a middle class, if everyone plays towards a larger market. Realistically, there's jockeying for trade and racing
by throwwit 10y ago
Ideally globalization gives everyone a shot at a middle class, if everyone plays towards a larger market. Realistically, there's jockeying for trade and racing to the bottom via whatever measures can be taken (lower taxes, fewer regulations, or dumping product). Winners/losers is ok within a liquid self-balancing economy, not for the illiquid concept of countries.