Avinash_Tyagi said: And yes people who are poor in today's society are living a better lifestyle then they were 40 years ago, but that's not the issue, how much worse is their lifestyle than those in the highest income brackets is the issue, because peple will vote their own self interest, and if they feel globalization hurts them they will vote in polticians who promote portectionism, even if that is a negative in the long run.
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Well, it's pretty clear we're not going to agree on the macroeconomics so I'll drop it to avoid beating a dead horse, but I think lifestyle standards of 40 years ago are very much the issue, and one of the strongest arguments i favor of free markets, people just don't realize that it is. You're correct in that most people who vote will do so comparing themselves to those in the highest income bracket, because that's something tangible that they can see. People don't consider what life was like 40 years ago when they vote, nor how far we've come since then. Similarly, they don't consider the possibilities for 40 year's from now, which can only be achieved through economic growth and techonological innovation.
I'm not against helping people out when they genuinely need help, but I think our government programs today have become bloated with free-loaders who would rather receive a government check than get a job. That's a pretty cynical worldview, I know, but it's how I feel.
Now Avinash, just to sate my curisoity, how do you feel about globalization overall, positive or negative?
