Re:China
by riversflow on Thursday November 21, 2019 @01:42PM
(#21597737)
>I think it could work great for a democratic republic with sane corporate tax and safety net policies to more evenly distribute the upside
True. But how would modern medicine have faired?
I think the bigger issue with globalization is that it has a huge environmental impact and makes our species more susceptible to the effects of climate change.
We ought to at least enforce free trade policy better; I can tell you first hand that competing against unregulated competitors in manufacturing is hilariously unfair. If we really cared about the Environment or Human rights we would at least level the playing field in markets we control. It’s cheaper to buy from China largely because of our regulatory environment.
The rest of the world also took hits in some industries - US farm subsidies destroyed corn farming in poor countries
Different US industries fared differently - without globalization, Silicon Valley (and American tech in general) as well as Wall street wouldn't be as globally dominant as they are
> I think it’s probably a bad policy for a democratic republic.
I think it could work great for a democratic republic with sane corporate tax and safety net policies to more evenly distribute the upside