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A comment on What Paul Graham Is Missing About Inequality – Tim O'Reilly. Parent comment

Re:What Paul Graham Is Missing About Inequality – Tim O'Reilly by bobby_9x on Monday January 25, 2016 @10:35PM (#10971679)
"Besides, globalisation will overall increase the total wealth of the poor + middleclass combined."

It won't really increase the overall wealth of the middle class. It will pull wealth away from the middle class to pay the poor at a cheaper rate. This is what's happening right now and why people in the tech industry are so upset by it. It's a form of global wealth redistribution.

I also don't think the middle class has any divine right. They just need to start preparing for job loss and overseas competition.

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Re:What Paul Graham Is Missing About Inequality – Tim O'Reilly by UK-AL on Tuesday January 26, 2016 @05:42AM (#10972753)
Trade has ability to create wealth. If we increase global trade, it will also increase the total wealth available to the poor + middle class. Some portion of the surplus value will also go to rich providing the capital.
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