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A comment on When Stockton gave people cash, they got jobs. Parent comment

Re:When Stockton gave people cash, they got jobs by nemo44x on Tuesday May 11, 2021 @01:57PM (#27121292)
I think you’re forgetting about globalism. The global middle class is much larger than ever before. Free Trade agreements and outsourced labor make relying on a local middle class a relic of the past.
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Re:When Stockton gave people cash, they got jobs by Retric on Tuesday May 11, 2021 @06:44PM (#27124540)
Trade is a small percentage of US GDP. In 2019 it was only 2.5T in exports out of a 21.4T GDP.

That’s no where near enough to keep the economy moving.

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Re:When Stockton gave people cash, they got jobs by nemo44x on Tuesday May 11, 2021 @09:49PM (#27125777)
What about products being made in foreign countries and sold in different foreign countries that are owned by an American company? That’s sort of what I was getting at.
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Re:When Stockton gave people cash, they got jobs by Retric on Wednesday May 12, 2021 @10:50AM (#27130989)
US companies is really misleading here. Google is a very American company but it isn’t 100% owned by Americans. That’s why economists break things down by imports and exports.
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Re:When Stockton gave people cash, they got jobs by godelski on Tuesday May 11, 2021 @02:52PM (#27121980)
I think that depends on what perspective you're looking at. There is still a fractal nature to this. I think there's still an advantage if you're coming from the perspective of empowering your country. If you're a rich elite and trying to profit maximize I think your perspective matters more. But the goal makes a difference.
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