Re:Economists don’t understand much about the macroeconomy
by SiempreViernes on Thursday September 19, 2019 @10:02AM
(#21016226)
Globalisation is a term describing the deregulation of goods and capital, it is not at all related to migration.
The millions of people that have been lifted out of poverty in India and China are obviously still there, they haven't migrated. Globalisation is said to have helped people out of poverty by the increased flow of capital it represents, not by literally having them all move to richer countries.
In the face of the daily deaths along the "illegal" migrant routes, the idea that globalisation has made personal movement easier is unfounded.
Billions of people worldwide didn't rise out of poverty since the 60s from migration though.
Capital belongs to people. Capital freedom is people exercising their rights of ownership over their property. That's what capitalism is. I know this very well because my wife is Chinese. Her father's family were villagers in the Chinese countryside, but they owned a few plots of land they rented to other farmers otherwise like themselves. As a result they were branded 'class enemies' and persecuted ruthlessly. To this day he sometimes tears up when we talk about those times, although I speak very little Chinese myself.