News for hackers. Stuff that matters.
Re:China and "our standard of living" by philwelch on Wednesday July 22, 2009 @05:08PM (#718573)
Actually, globalization does improve the standard of living for those at the bottom, to the benefit of those on top. People work in sweatshops (which sucks from the point of view of rich Westerners), but they voluntarily chose to do so because it was an improvement on their previous standard of living. So their standard of living improves, and so does the standard of living for those of us who buy manufactured goods at lower prices.

There are no comments on this comment yet.