Kasz216 said:
Uh... actually reports show the opposite. http://www.opinionjournal.com/editorial/feature.html?id=110009529 |
I always have trouble with such opinion pieces because people cherry pick data to prove the point they are trying to drive home. Like the guy pointed out, it would seem like the "poor" are catching up due to investment in places like India and China but the fact is that thanks to such investment, America's welfare "burden" would probably increase.
Also, if you notice, relative wealth or poverty depends on what country you live in while globalization affects us all so some countries definitely get left in the dark in all this. America too is slowly leaving itself behind by shipping away all its jobs. It would seem like the chart is improving due to the vast populations of India and china but even in those countries, many would get "left behind" and probaly become much poorer than they were before.
Perhaps it's easier to think of it this way: resources are finite, one of the reasons the U.S. needs to fight wars to control certain regions is because of that. The U.S uses 40% of the world resources. If China were to expand towards the level of the U.S, we'd have to give a lot up for that to happen. There just isn't room for two. In the same way, if someone make hundreds of millions of dollars, a lot of people are a lot poorer than they were before.
The free market is good for the "winners" but what is to become of the losers? Crime and unrest are options and probably sure to come in the worst case scenario.
"Dr. Tenma, according to you, lives are equal. That's why I live today. But you must have realised it by now...the only thing people are equal in is death"---Johann Liebert (MONSTER)
"WAR is a racket. It always has been.
It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives"---Maj. Gen. Smedley Butler







