Do you think poor wages around the globe is a recent phenomenon? In any event, something like a half a billion people have been lifted out of poverty in China since the 70’s when it opened its markets up. There were sure as hell some losers from that process too, but I don’t think the progress on that front is something to overlook.
You know what lifted most of theses people out of poverty, massive infrastructure and social spending by the CCP, the same reason post war South Korea, and post war Germany and Japan were able to climb so fast, massive government investment. It had little to do with open markets simply because without transport/energy infrastructure and an educated workforce this “open market” would’ve been worthless to exploit.
Do you think poor wages around the globe is a recent phenomenon? In any event, something like a half a billion people have been lifted out of poverty in China since the 70’s when it opened its markets up. There were sure as hell some losers from that process too, but I don’t think the progress on that front is something to overlook.
You know what lifted most of theses people out of poverty, massive infrastructure and social spending by the CCP, the same reason post war South Korea, and post war Germany and Japan were able to climb so fast, massive government investment. It had little to do with open markets simply because without transport/energy infrastructure and an educated workforce this “open market” would’ve been worthless to exploit.