> but if you're part of rural America you're getting hit very hard by globalism.
i.e. if you're part of rural America, you're being out-competed by superior market participants located in poorer countries.
It's not that unfair. It would be much more unfair to apply protectionist policies to subsidise the rural Americans at the expense of the truly-impoverished people in poorer countries.
Same thing Japan did after WWII. Works great if you can pull it off.
For example, the end of Kodak began when Fuji film infringed on their patents and the US government did nothing, still allowing Fuji to sell their film in the US.
You can look at that in two ways. The government broke up a near monopoly on print film that Kodak had, created competition and lowered prices for consumers. But ultimately it started an employer of 200K people on the path toward extinction. Yes it would have been eclipsed by digital anyway, but wouldn't it have been nice if those 200K people had their jobs a little longer?
I am personally torn on issues like this. I see the benefit of competition and globalization, but also the cost to local economies and industries.
It's that poor nations are not exploited by global capitalism.
Then you can look up TED talks by Hans Rosling, and the follow-up reports for UN millennium development goals.
The pleasant, unintended side effects of globalist capitalism and economic liberalism are in fact not that much a surprise. Just look at the track record. Is it bad if good outcomes follow as unintended consequences?
Arbor ex fructu cognoscitur.
Venezuela wasn't a poor nation to start with, but is becoming one in its urge to fight global capitalism.
You could also look at countries in Africa that don't have extensive resource extraction (compared to those that do).
But given that utilising or even tolerating slave labourers on the ground in democratic nations is such a shameful thing, it might be better to actually let DPRK be completely isolated from global economy and not allow any of these arrangements. Even if that results in more misery for the people in DPRK.
If you know of other instances of this that'd be a fascinating topic to read up on.
The stereotypical example of a global economic pattern is a t shirt factory providing goods for a western brand that operates in a third world country because the economic equilibrium is such that raw material acquisition, labor and transport to market costs in total are lower than if the factory was situated for example next to the brand owners head office. I don't see where a will to help someone steps in there.
What has been devastating for the mid-west is that the exporting of jobs was politically and financially supported. Companies would receive subsidies to "globalise".
Edit: I was a Remain voter - but I can completely why so many people were angry and wanted a protest vote. Just that I don't think the EU really caused many of the problems people were complaining about so that coming out of the EU is unlikely to actually resolve this issues.
Almost certainly. The US was doing fine for most of the 20th century.
Globalism is what has brought wages down. Globalism combines the economies of the richest countries with the economies of the poorest in an attempt to "help" poor countries. As rich countries and poor countries combine economies, they move toward economic-equilibrium, which means the people from the poor country get brought out of poverty at the expense of the people in the rich countries. This is fine for the "1%" on the coasts of the united states, but if you're part of rural America you're getting hit very hard by globalism.